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Monetary Union and Fiscal Stability : A New Approach. 通貨同盟と財政安定－新アプローチ
・ISBN 978-3-7908-1266-4 paper EUR 49.99
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| 著者・編者 | Bohn, Frank, |
|---|---|
| シリーズ | Contributions to Economics |
| 出版社 | (Physica-Vlg., GW) |
| 出版年月 | 2000 |
| ページ数 | xiv, 225 S. |
| 言語 | GER |
| ニュース番号 | ＜463-317 463-335＞ |
解説
This book addresses the macroeconomic implications of a country's transition to a monetary union. By using a dynamic multi-country simulation model, it is possible to pinpoint a monetary union, and repercussions produced by fiscal retrenchment policies. Interest and exchange rate effects could only be captured once a new approach including innovations in the solution methodology had been developed. Not only can we draw lessons for newly joining members to the EMU or to any other monetary union, but the analysis also implicitly offers a new explanation for the weak Euro in the first half of 1999.