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Monetary Union and Fiscal Stability

A New Approach

  • Book
  • © 2000

Overview

Authors:
  1. Frank Bohn

    1. Alfred Weber-Institut (AWI), University of Heidelberg, Heidelberg, Germany
      Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW), University of Potsdam, Potsdam, Germany

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Part of the book series: Contributions to Economics (CE)

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Table of contents (10 chapters)

  1. Front Matter

    Pages I-XIII
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  2. Introduction

    1. Introduction

      • Frank Bohn
      Pages 1-5

  3. Model and Methodical Background

    1. Front Matter

      Pages 7-7
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    2. Simulation Framework

      • Frank Bohn
      Pages 9-19

    3. Baseline and Hypothetical EMU Scenarios

      • Frank Bohn
      Pages 21-36

    4. Methodical Specifications and Limitations (6 Questions)

      • Frank Bohn
      Pages 37-55

  4. Results and Applications

    1. Front Matter

      Pages 57-57
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    2. Simulation Results

      • Frank Bohn
      Pages 59-77

    3. Interest and Exchange Rate Impulses

      • Frank Bohn
      Pages 79-104

    4. Assumptions and the Real World EMU (6 Questions)

      • Frank Bohn
      Pages 105-121

  5. Fiscal Policy in Italy — An Extension

    1. Front Matter

      Pages 123-123
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    2. Fiscal Consolidation Without EMU

      • Frank Bohn
      Pages 125-146

    3. Fiscal Retrenchment and Hypothetical EMU

      • Frank Bohn
      Pages 147-173

  6. Conclusion

    1. Conclusion

      • Frank Bohn
      Pages 175-179

  7. Back Matter

    Pages 181-226
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Keywords

About this book

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.

Authors and Affiliations

  • Alfred Weber-Institut (AWI), University of Heidelberg, Heidelberg, Germany

    Frank Bohn

  • Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW), University of Potsdam, Potsdam, Germany

    Frank Bohn

Bibliographic Information

  • Book Title: Monetary Union and Fiscal Stability

  • Book Subtitle: A New Approach

  • Authors: Frank Bohn

  • Series Title: Contributions to Economics

  • DOI: https://doi.org/10.1007/978-3-642-57639-3

  • Publisher: Physica Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2000

  • Softcover ISBN: 978-3-7908-1266-4Published: 24 January 2000

  • eBook ISBN: 978-3-642-57639-3Published: 06 December 2012

  • Series ISSN: 1431-1933

  • Series E-ISSN: 2197-7178

  • Edition Number: 1

  • Number of Pages: XIV, 225

  • Number of Illustrations: 1 b/w illustrations

  • Topics: Macroeconomics/Monetary Economics//Financial Economics, Public Economics

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