The age of the euro has cast central banks in a newly prominent role in European integration and in macro-economic policy making in Europe. This text examines the effects of the euro as the new European single currency on the central banks of the member states of the European Un…
Both studies of political power and Europeanization studies have tended to neglect central banks. As the age of the euro reaches its 10th anniversary, it is timely to reflect on what it means for central banks, which have been at the forefront of the establishment of Economic an…
Currency unions
by Alesina, Alberto, Barro, Robert J.
fromHoover institution press publication
Currency Unions reviews the traditional case for flexible exchange rates and countercyclicalthat is, expansionary during recessions and contractionary in boomsmonetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbance…
Currency unions
by Alesina, Alberto, Barro, Robert J.
fromHoover institution press publication
Currency unions
by Alesina, Alberto, Barro, Robert J.
fromHoover institution press publication
Currency unions
by Alesina, Alberto, Barro, Robert J.
fromHoover institution press publication
Currency Unions reviews the traditional case for flexible exchange rates and "countercyclical"--that is, expansionary during recessions and contractionary in booms--monetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real distu…
Currency unions
by Alesina, Alberto, Barro, Robert J.
fromHoover institution press publication
Currency unions
by Alesina, Alberto, Barro, Robert J.
fromHoover institution press publication
Currency Unions reviews the traditional case for flexible exchange rates and countercyclicalthat is, expansionary during recessions and contractionary in boomsmonetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbance…
This monograph examines the failure of the Portuguese Escudo Monetary Zone and the birth of new monetary and financial systems in Portuguese-speaking African countries. Examining colonial and post-colonial times, Mata analyses the decision to build a Portuguese monetary area in …
This monograph examines the failure of the Portuguese Escudo Monetary Zone and the birth of new monetary and financial systems in Portuguese-speaking African countries. Examining colonial and post-colonial times, Mata analyses the decision to build a Portuguese monetary area in …
This book explores the new economics of monetary union. It carefully discusses the effects of shocks and policies on output and prices. Shocks and policies are country-specific or common. They occur on the demand or supply side. Countries can differ in behavioural functions. Wag…
Esta Dissertação apresenta uma análise empírica dos efeitos das interações entre as políticas monetária e fiscal no PIB da Zona Euro, utilizando dados trimestrais de 2000 a 2020. Utilizando um modelo ARDL-EC para analisar os efeitos de longo e curto prazo sobre o PIB da Zona Eur…