Coordination of Monetary and Fiscal Policies

Coordination of Monetary and Fiscal Policies PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451844239
Category : Business & Economics
Languages : en
Pages : 33

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Book Description
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.

Coordination of Monetary and Fiscal Policies

Coordination of Monetary and Fiscal Policies PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451844239
Category : Business & Economics
Languages : en
Pages : 33

Get Book Here

Book Description
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.

Economics—Advances in Research and Application: 2012 Edition

Economics—Advances in Research and Application: 2012 Edition PDF Author:
Publisher: ScholarlyEditions
ISBN: 1464990735
Category : Business & Economics
Languages : en
Pages : 1468

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Book Description
Economics—Advances in Research and Application: 2012 Edition is a ScholarlyEditions™ eBook that delivers timely, authoritative, and comprehensive information about Economics. The editors have built Economics—Advances in Research and Application: 2012 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Economics in this eBook to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Economics—Advances in Research and Application: 2012 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.

Managing the Sovereign-Bank Nexus

Managing the Sovereign-Bank Nexus PDF Author: Mr.Giovanni Dell'Ariccia
Publisher: International Monetary Fund
ISBN: 1484359623
Category : Business & Economics
Languages : en
Pages : 54

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Book Description
This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent is it a source of concern? What is the role of policy intervention? The paper concludes with a review of recent policy proposals.

Economic Convergence in the Euro Area: Coming Together or Drifting Apart?

Economic Convergence in the Euro Area: Coming Together or Drifting Apart? PDF Author: Mr.Jeffrey R. Franks
Publisher: International Monetary Fund
ISBN: 1484338499
Category : Business & Economics
Languages : en
Pages : 47

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Book Description
We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has not occurred among the original euro area members since the advent of the common currency. Income convergence stagnated in the early years of the common currency and has reversed in the wake of the global economic crisis. New euro area members, in contrast, have seen real income convergence. Business cycles became more synchronized, but the amplitude of those cycles diverged. Financial cycles showed a similar pattern: sychronizing more over time, but with divergent amplitudes. Income convergence requires reforms boosting productivity growth in lagging countries, while cyclical and financial convergence can be enhanced by measures to improve national and euro area fiscal policies, together with steps to deepen the single market.

Monetary and Fiscal Policies in EMU

Monetary and Fiscal Policies in EMU PDF Author: Marco Buti
Publisher: Cambridge University Press
ISBN: 9780521832151
Category : Business & Economics
Languages : en
Pages : 376

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Book Description
Leading scholars and policy makers examine the challenges that are facing economic policies in the EMU today.

Dynamics of Uncertainty, Unrest and Fragility in Europe

Dynamics of Uncertainty, Unrest and Fragility in Europe PDF Author: Monika Banaś
Publisher: Taylor & Francis
ISBN: 1040262732
Category : Social Science
Languages : en
Pages : 257

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Book Description
This book examines some of the most pressing issues affecting contemporary societies in Europe in the 2020s, namely uncertainty, unrest and the fragility of individuals and groups. Monika Banaś, Vesa Puuronen and their contributors analyse a selection of challenges affecting the present and near future of Europe and European societies. They reflect on processes and events that have a pivotal impact on individual and collective life, for example, how the Russian invasion of Ukraine has affected reformulation or revision of such concepts as security, uncertainty, independence, freedom, democracy and democratic values as well as nation and nationalism. The volume discusses phenomena such as the migration and integration of refugees, media narratives on the Russian–Ukrainian war, political campaign rhetoric concerning the war, institutional engagement in fostering civil and inclusive societies, strategies of young people to cope with uncertainty in times of socio-economic challenges. The book offers a valuable reference for scholars and students of European societies studying a broad scope of courses in sociology, political culture, intercultural communication, intercultural and international relations, along with political science. It will also be of interest to experts and practitioners of the NGO sector active in supporting vulnerable individuals, communities and societies.

One Market, One Money

One Market, One Money PDF Author: Michael Emerson
Publisher:
ISBN: 9780198773245
Category : Business & Economics
Languages : en
Pages : 356

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Book Description
The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.

The Effects of Inflation on Economic Growth

The Effects of Inflation on Economic Growth PDF Author: Jose De Gregorio
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 20

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Book Description


European Monetary Union: The Kingsdown Enquiry

European Monetary Union: The Kingsdown Enquiry PDF Author: Ian D. Davidson
Publisher: Springer
ISBN: 1349248258
Category : Political Science
Languages : en
Pages : 367

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Book Description
In the next few years, Britain will face a momentous choice in Europe. Should it join a single currency in the European Union? Or should it stay outside? This report is the result of an intensive enquiry into the implications of that choice, led by Lord Kingsdown, former Governor of the Bank of England. It examines the pros and cons of British participation; the likely consequences for the British economy, including inflation, interest rates and foreign investment; and the broader political implications of the choice. It makes an essential, non-party contribution to the clarification of the British debate on Europe.

Emerging Markets and the Global Economy

Emerging Markets and the Global Economy PDF Author: Mohammed El Hedi Arouri
Publisher: Academic Press
ISBN: 0124115632
Category : Business & Economics
Languages : en
Pages : 927

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Book Description
Emerging Markets and the Global Economy investigates analytical techniques suited to emerging market economies, which are typically prone to policy shocks. Despite the large body of emerging market finance literature, their underlying dynamics and interactions with other economies remain challenging and mysterious because standard financial models measure them imprecisely. Describing the linkages between emerging and developed markets, this collection systematically explores several crucial issues in asset valuation and risk management. Contributors present new theoretical constructions and empirical methods for handling cross-country volatility and sudden regime shifts. Usually attractive for investors because of the superior growth they can deliver, emerging markets can have a low correlation with developed markets. This collection advances your knowledge about their inherent characteristics. Foreword by Ali M. Kutan - Concentrates on post-crisis roles of emerging markets in the global economy - Reports on key theoretical and technical developments in emerging financial markets - Forecasts future developments in linkages among developed and emerging economies