Year: 1998
Author: Clausen, Volker
Credit and Capital Markets – Kredit und Kapital, Vol. 31 (1998), Iss. 4 : pp. 471–493
Abstract
Three potential problems in the transition to European Monetary Union are analyzed in a three country model of a currency union. The problems discussed are the choice of a misaligned conversion rate at the time of the move to the currency union, the uncertainty with respect to the future stance of monetary policy of the European Central Bank and the risk of an asymmetric real wage push within the monetary union. The macroeconomic implications of these disturbances are analyzed and alternative strategies for monetary and fiscal policy are evaluated. (JEL E 58, F 36)
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.31.4.471
Credit and Capital Markets – Kredit und Kapital, Vol. 31 (1998), Iss. 4 : pp. 471–493
Published online: 1998-04
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 23
Author Details
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