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Interpreting the Blair Government's Policy-making on European Monetary Union: An Examination of Public Policy Theories
Blair government EMU/euro policy five economic tests public policy-making
2011/8/21
This paper is an investigation of policy-making by the Blair government on the issue of the UK's European Monetary Union (EMU)/Eurozone membership. The Blair government inherited a 'wait and see' poli...
The political economy under monetary union: has the euro made a difference?
integrated pan-European economy integration process political economy channel domestic political shocks
2011/8/21
Economic and monetary union (EMU) has transformed Europe and has created an integrated pan-European economy. Much research has focused on understanding this integration process and what benefits and c...
COORDINATION OF MONETARY AND FISCAL POLICY IN A MONETARY UNION: POLICY ISSUES AND ANALYTICAL MODELS
European Monetary Union monetary and fiscal policy new neoclassical synthesis (NNS) models policy coordination
2011/8/21
The European Monetary Union raises new and interesting questions about the coordination of monetary and fiscal policy. In this lecture, I discuss some of these questions and the answers that a new cla...
A Macroeconomic Policy Game for a Monetary Union with Adaptive Expectations
Dynamic game Nash equilibrium Pareto solution Macroeconomics .
2011/8/21
We consider a dynamic game model of a two-country monetary union. Governments (fiscal policies) pursue national goals while the common central bank’s monetary policy aims at union-wide objectives. For...
'Core' and 'Periphery' in a Monetary Union: A Macroeconomic Policy Game
Monetary union Asymmetric union Dynamic game Numerical solutions Nash equilibrium Pareto solution Fiscal policy Monetary policy
2011/8/21
We develop a dynamic game model of a two-country monetary union to study strategic interactions between macroeconomic policy makers, namely the central bank and governments. In this union, the governm...
Feasibility and Implications of a Monetary Union in Southeast Asia
Monetary Union Southeast Asia
2009/11/30
This study explores the readiness of seven ASEAN countries to adopt a com-
mon monetary policy and introduce a common currency. The suitability of
the region as an Optimum Currency Area is estimate...