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Languages : en
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Author: David K. H. Begg
Publisher: Centre for Economic Policy Research
ISBN: 9781898128267
Category :
Languages : en
Pages : 0
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Author: David Begg
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Category :
Languages : en
Pages : 0
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Author: David K. H. Begg
Publisher: Centre for Economic Policy Research
ISBN: 9781898128267
Category : Business & Economics
Languages : en
Pages : 102
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Written by a team of distinguished European academics, this report looks at the final stage of Europe's transition to a monetary union.
Author: Mr.David K. H. Begg
Publisher: International Monetary Fund
ISBN: 1451852231
Category : Business & Economics
Languages : en
Pages : 37
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Pursuit of price stability may, but need not, exacerbate output fluctuations. This paper discusses the monetary strategy of the European Central Bank, the intermediate targets that this should entail, and implications for accountability, transparency, and reputation. Country-specific shocks will remain but output correlation may not reflect the old pattern of core and peripheral countries. The Stability Pact will force some countries to switch off their automatic stabilizers; others, with fewer fiscal problems, can retain them. Output correlations in EMU may reflect a fiscal core and fiscal periphery. Additional labor market flexibility remains the best solution.
Author: Willem H. Buiter
Publisher: Centre for Economic Policy Research
ISBN: 9781898128489
Category : Business & Economics
Languages : en
Pages : 44
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The paper contains a detailed critique of the common currency arrangements of the Economic and Monetary Union, embodied in the laws and emerging procedural arrangements that govern the actions of its key institutions: the European Central Bank and the European System of Central Banks. The main message here is 'Great idea, shame about the execution'. A number of improvements are then proposed. Some of these require amending the Treaty, including an end to the rule that each EMU member's national central bank has a seat on the Governing Council or the removal of the power of the Council of Ministers to give 'general orientations' for exchange rate policy. Others, notably in the areas of accountability, openness and transparency, could be implemented immediately, including publication of voting records, minutes and the inflation forecast. Improved arrangements are also advocated for the co-ordination of monetary and fiscal policy. And the article calls for a European Parliament that can both bark and bite.
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Category : Economics
Languages : en
Pages : 520
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Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781557757012
Category : Business & Economics
Languages : en
Pages : 162
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These studies provide supporting material for the analysis and scenarios in the World Economic Outlook.
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Category : European communities
Languages : en
Pages : 274
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Category : Finance
Languages : en
Pages : 894
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