Arbeitspapier
Monetary Union, Entry Conditions and Economic Reform.
This paper models the behaviour of a potential entrant into a monetary union where there is an inflation entry condition. In addition to making a monetary policy decision during a qualifying period, the potential entrant must make a decision about structural reform. The paper shows that the entry condition can have two undesirable effects. First, it can lead to multiple equilibria because inflationary expectations acquire a self-fulfilling property. Second, the entry condition can lead to a reduction in the amount of reform. This is because the entry condition reduces inflationary expectations and thus reduces the incentive to reform.
- Sprache
-
Englisch
- Erschienen in
-
Series: EPRU Working Paper Series ; No. 2000-03
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ozkan, F. Gulcin
Sibert, Anne
Sutherland, Alan
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Copenhagen, Economic Policy Research Unit (EPRU)
- (wo)
-
Copenhagen
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ozkan, F. Gulcin
- Sibert, Anne
- Sutherland, Alan
- University of Copenhagen, Economic Policy Research Unit (EPRU)
Entstanden
- 2000
Ähnliche Objekte (12)
German economic and monetary union
Economic Integration and Monetary Union
Monetary union and economic growth
Towards an economic and monetary union
Monetary conditions index and economic activity in dollarized Zimbabwe
Toward a Genuine Economic and Monetary Union
Economic Policy within a European Monetary Union
Optimal monetary policy and firm entry
Optimal monetary policy and firm entry
Optimal monetary policy and firm entry
International implications of European Economic and Monetary Union
European Monetary Union : The German political-economic trilemma
German economic and monetary union
Economic Integration and Monetary Union
Monetary union and economic growth
Towards an economic and monetary union
Monetary conditions index and economic activity in dollarized Zimbabwe
Toward a Genuine Economic and Monetary Union
Economic Policy within a European Monetary Union
Optimal monetary policy and firm entry
Optimal monetary policy and firm entry
Optimal monetary policy and firm entry
International implications of European Economic and Monetary Union
European Monetary Union : The German political-economic trilemma
German economic and monetary union
Economic Integration and Monetary Union
Monetary union and economic growth
Towards an economic and monetary union
Monetary conditions index and economic activity in dollarized Zimbabwe
Toward a Genuine Economic and Monetary Union
Economic Policy within a European Monetary Union
Optimal monetary policy and firm entry
Optimal monetary policy and firm entry
Optimal monetary policy and firm entry
International implications of European Economic and Monetary Union