Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/72393 
Autor:innen: 
Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
Centre for Economic Research Working Paper Series No. WP05/06
Verlag: 
University College Dublin, Department of Economics, Dublin
Zusammenfassung: 
It is generally believed that fiscal consolidations should occur prior to a country's admission to the European Monetary Union (EMU). This paper argues that the fiscal Maastricht Criteria require badly timed, costly adjustments while not guaranteeing sustained fiscal restraint. An effective Stability Pact is not only necessary, but should replace the Maastricht Criteria altogether. These conclusions are based on simulations scrutinising the effects both of contractionary fiscal policies and of joining a monetary union. In a case study type analysis it is shown that there is a strong case for both policy changes to happen at the same time.
Schlagwörter: 
transition to a monetary union
fiscal policy
European Monetary Union
regime change
simulation
MULTIMOD
JEL: 
E63
F42
F47
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
811.27 kB





Publikationen in EconStor sind urheberrechtlich geschützt.