Monetary Union And Fiscal Stability: A New Approach by Frank BohnMonetary Union And Fiscal Stability: A New Approach by Frank Bohn

Monetary Union And Fiscal Stability: A New Approach

byFrank Bohn, F. Bohn

Paperback | January 24, 2000

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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.
Title:Monetary Union And Fiscal Stability: A New ApproachFormat:PaperbackDimensions:225 pagesPublished:January 24, 2000Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3790812668

ISBN - 13:9783790812664

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Table of Contents

Model and Methodological Background: Simulation Framework; Baseline and Hypothetical EMU Scenarios; Methodological Specifications and Limitations.- Results and Applications: Simulation Results; Interest and Exchange Rate Impulses; Assumptions and the Real World EMU.- Fiscal Policy in Italy - An Extension: Fiscal Consolidation Without EMU; Fiscal Retrenchment and Hypothetical EMU.- Conclusion.- Appendices: Economic Model and Solution Algorithm; Simulation Results.