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The Design of EMU

The Design of EMU »

Source: The Design of EMU

Volume/Issue: 1997/99

Series: IMF Working Papers

Author(s): David Begg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1997

ISBN: 9781451852233

Keywords: European Monetary Union, credibility, asymmetric shocks, inflation, monetary policy, central bank, price stability, monetary union

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 implicati...

Real Wage Rigidities, Fiscal Policy, and the Stability of EMU in the Transition Phase

Real Wage Rigidities, Fiscal Policy, and the Stability of EMU in the Transition Phase »

Volume/Issue: 1999/83

Series: IMF Working Papers

Author(s): Eric Thode , Norbert Berthold , and Rainer Fehn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1999

DOI: http://dx.doi.org/10.5089/9781451850529.001

ISBN: 9781451850529

Keywords: European Monetary Union, real wage rigidity, unemployment, labor market reforms, asymmetric shocks, wage, unemployment rate, rising unemployment

EMU started with eleven member countries as scheduled on January 1, 1999. The paper shows that the primacy of politics over economics in this decision could have serious consequences concerning the stability of EMU...

The Design of EMU

The Design of EMU »

Volume/Issue: 1997/99

Series: IMF Working Papers

Author(s): David Begg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1997

DOI: http://dx.doi.org/10.5089/9781451852233.001

ISBN: 9781451852233

Keywords: European Monetary Union, credibility, asymmetric shocks, inflation, monetary policy, central bank, price stability, monetary union

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 implicati...

Real Wage Rigidities, Fiscal Policy, and the Stability of EMU in the Transition Phase

Real Wage Rigidities, Fiscal Policy, and the Stability of EMU in the Transition Phase »

Source: Real Wage Rigidities, Fiscal Policy, and the Stability of EMU in the Transition Phase

Volume/Issue: 1999/83

Series: IMF Working Papers

Author(s): Eric Thode , Norbert Berthold , and Rainer Fehn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1999

ISBN: 9781451850529

Keywords: European Monetary Union, real wage rigidity, unemployment, labor market reforms, asymmetric shocks, wage, unemployment rate, rising unemployment

EMU started with eleven member countries as scheduled on January 1, 1999. The paper shows that the primacy of politics over economics in this decision could have serious consequences concerning the stability of EMU...