Titlebook: Economic Spillovers, Structural Reforms and Policy Coordination in the Euro Area; Bas Aarle,Klaus Weyerstrass Book 2008 Physica-Verlag Hei

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Berufliche Zielkl?rung und Selbststeuerungmation on this model). First, we consider structural and budgetary policies separately, and then we combine both of them. Both isolated (non-coordinated) policy actions of one country only and coordinated (joint) Euro Area policies will be investigated. We will concentrate on isolated policies by Ge

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Budgetary spillovers and short-term interest rates,in which ways these spillovers manifest themselves in the Euro Area e.g. through trade flows, pass-through of inflation, adjustments caused by changes of the common short-term interest rate and the exchange rate of the euro. It was also noted that there exist several spillover effects from monetary

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Budgetary stabilisation and the level of public debt,of EU-15 countries. Hence, the chapter somewhat deviates from other chapters in the book: We do not focus on economic spillovers between countries, but remain within the country borders. The questions we address are nonetheless valuable ones to evaluate policy coordination. If the transmission of fi

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Macroeconomic and welfare effects of structural and budgetary policies: spillovers in the MSG3 mode. For the former, we build upon the results obtained in Chapter 5 regarding the spillovers from economic reforms that close the efficiency gap between the Euro Area and the US. For the latter, we start from the fact that at present, several Euro Area (and other EU) countries have difficulties in ful

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,Have Europe’s labour markets become more flexible? An exercise in measuring the relative flexibilitomic issue in Europe. This is not a new development. It has long been argued that structural reforms were a necessary condition for a successful monetary union (Delors, 1989). Nor has this gone unrecognised within Europe itself. The Lisbon Agenda, agreed in 2000, was introduced precisely to create g

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