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dc.contributor.authorArghyrou, Michael G.en_US
dc.contributor.authorGadea, Maria Doloresen_US
dc.date.accessioned2010-02-24en_US
dc.date.accessioned2012-11-02T14:27:28Z-
dc.date.available2012-11-02T14:27:28Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/65761-
dc.description.abstractWe model pre-euro Spanish monetary policy and use our findings to assess the compatibility of the interest rates set by the ECB since 1999 with Spanish macrofundamentals. We find that in the 1990s Spain implemented successfully a monetary strategy tailored to its own domestic fundamentals; and by abolishing it to join the euro she has paid a cost in the form of a sub-optimal monetary policy. Spain's experience suggests a cautious approach with regards to the timing of further EMU enlargement.en_US
dc.language.isoengen_US
dc.publisherCardiff Univ, Cardiff Business School, Economics Section Cardiffen_US
dc.relation.ispartofseriesCardiff Economics Working Papers E2008/23en_US
dc.subject.jelC51en_US
dc.subject.jelC52en_US
dc.subject.jelE43en_US
dc.subject.jelE58en_US
dc.subject.jelF37en_US
dc.subject.ddc330en_US
dc.subject.keywordSpainen_US
dc.subject.keywordECBen_US
dc.subject.keywordmonetary policyen_US
dc.subject.keyworddomestic fundamentalsen_US
dc.subject.keywordcompatibilityen_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwZinsen_US
dc.subject.stwÖffentliche Anleiheen_US
dc.subject.stwInternationaler Wettbewerben_US
dc.subject.stwWirtschaftsreformen_US
dc.subject.stwWährungsumstellungen_US
dc.subject.stwEuroen_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwSpanienen_US
dc.titleThe single monetary policy and domestic macro-fundamentals: Evidence from Spainen_US
dc.typeWorking Paperen_US
dc.identifier.ppn583824684en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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