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Monetary union: a theoretical perspective
PSL Quarterly Review, 2013 The work provides a theoretical analysis of monetary policy and unification in light of today’s debate among academic economists on EMU. A brief survey of the main issues concerning monetary policy is presented.
F. CESARANO
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Monetary Policy and the Financial Accelerator in a Monetary Union [PDF]
International Finance Discussion Papers, 2002 In this paper, we consider the effect of a monetary union in a model with a significant role for financial market imperfections. We do so by introducing a financial accelerator into a stochastic general equilibrium macro model of a two country economy. We show that financial market imperfections introduce important cross-country transmission mechanisms
Kempf, Hubert +2 more
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Rural Labor Supply and Economic Opportunities: Commuting, Migration, Tariffs, and Immigration
Applied Economic Perspectives and Policy, EarlyView.ABSTRACT Some rural counties remain dependent on agricultural or manufacturing jobs, but an increasing proportion have diversified economics. Rural counties also differ in their abilities to commute to an urban market characterized by higher wages and labor productivity.
Peter F. Orazem, Mary C. Ahearn
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FORMATION OF MECHANISMS TO ENABLE TRANSITION TO THE BRICS MONETARY UNION
Финансы: теория и практика, 2017 Objective preconditions for creation of new transnational monetary unions including countries integrated into the modern world monetary system are studied; the need and feasibility of establishing new integrative monetary and payment unions under ...
Ye. A. Zvonova
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Do Universal Free School Meals Improve the Dietary Quality of Food‐At‐Home Purchases?
Applied Economic Perspectives and Policy, EarlyView.ABSTRACT Since 2014, the number of schools offering universal free meals to all enrolled children without requiring annual meal applications has increased meaningfully. Using USDA's Purchase to Plate Crosswalk, a difference‐in‐differences framework, and a nationwide consumer panel, the effect of universal‐free‐meal exposure on the diet quality of food ...
Xueying Ma +2 more
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Economics and Business Review, 2019 The German unification in 1990 generated many benefits, but also many disappointments. After the introduction of the monetary union between the GDR and West Germany on 1 July 1990, the East German industry collapsed, and mass unemployment became ...
Zank Wolfgang
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Symbiosis of Monetary and Fiscal Policies in a Monetary Union [PDF]
Journal of International Economics, 2000 We consider the interaction between the monetary policy of a common central bank in a monetary union, and the separate fiscal policies of the member countries. We construct a model of the Barro-Gordon type extended to many countries and countercyclical fiscal stabilization policies. Each country's fiscal policies inflict positive (output expansion) and
Avinash K. Dixit, Luisa Lambertini
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Applied Economic Perspectives and Policy, EarlyView.ABSTRACT This paper examines the relationship between participation in the EU Rural Development Program and the economic performance of Italian olive farms using a finite‐mixture model with inverse‐probability‐weighted regression adjustment. Based on 2010–2022 FADN panel data, it estimates heterogeneous treatment effects while correcting for selection ...
Francesco Caracciolo, Marilena Furno
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Monetary Integration in East Asia: Why Does it Take so Long?
The International Journal of Banking and Finance, 2009 The launch of the economic and monetary union in Europe and the 1997 financial crisis that underscored the disadvantages of currently employed exchange rate regimes raised questions about the feasibility of a similar monetary unification project for East
Mariusz K. Krawczyk
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Monetary union and economic growth [PDF]
, 2001 This paper discusses possible links between monetary arrangements in particular monetary union and economic growth. It is stressed that growth depends ultimately on how the real economy works: there is no monetary magic that can conjure up growth. But monetary policy can contribute to conditions for sustainable growth by securing and maintaining price ...
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