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Asymmetry and the Problem of Aggregation in the Euro Area

Asymmetry and the Problem of Aggregation in the Euro Area
Author: David G. Mayes
Publisher:
Total Pages: 0
Release: 2003
Genre:
ISBN:

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This paper highlights the implications for EU macroeconomic policy at a relatively disaggregated level when key economic relationships are nonlinear or asymmetric. Using data for the EU and OECD countries we show that there are considerable non-linearities and asymmetries in the Phillips and Okun curves. High unemployment has a relatively limited effect in pulling inflation down while low unemployment can be much more effective in driving it up. Downturns in the economy are both more rapid and sustained in driving unemployment up than recoveries are in bringing it down. There is considerable variety in these relationships and in IS curves across not just countries but also sectors and regions. Key words: aggregation, asymmetry, monetary policy, nonlinear models, Okun curve, Phillips curve.


Asymmetry and Aggregation in the EU

Asymmetry and Aggregation in the EU
Author: D. Mayes
Publisher: Springer
Total Pages: 252
Release: 2011-01-27
Genre: Political Science
ISBN: 0230304648

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This book presents a clear exposition of what constitutes asymmetry in economics. It provides an empirical application of these ideas in the case of the EU. In particular, it shows how important asymmetry is for the appropriate design of policy in the Euro Area.


Adjusting to EMU

Adjusting to EMU
Author: B. Ardy
Publisher: Springer
Total Pages: 363
Release: 2005-11-01
Genre: Business & Economics
ISBN: 0230554741

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This book provides an original and wide-ranging analysis of the impact of Economic and Monetary Union (EMU) on economic governance in the EU and in several key Member States within and outside the Euro area. Its emphasis is on adaptation: how EMU encourages change in national and EU institutions and in national economic regimes. It brings together economic, political science and legal perspectives to explain how national economies adapted, the dynamics of policy-making and the complex web of laws, processes and actors in the EMU.


OECD Economic Outlook, Volume 2002 Issue 2

OECD Economic Outlook, Volume 2002 Issue 2
Author: OECD
Publisher: OECD Publishing
Total Pages: 252
Release: 2002-12-24
Genre:
ISBN: 9264194150

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Twice a year, the OECD Economic Outlook analyses the major trends that will mark the next two years. This issue's special features cover the deterioration of budgetary positions in most countries, labour force participation of older workers, product market competition reforms, and inflation.


Social Exclusion in European Welfare States

Social Exclusion in European Welfare States
Author: R. J. A. Muffels
Publisher: Edward Elgar Publishing
Total Pages: 422
Release: 2002-01-01
Genre: Political Science
ISBN: 9781781959510

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Social Exclusion in European Welfare States focuses on the complex relationship between economic welfare, labor market performance and social inclusion/exclusion. The contributors to the volume examine in detail the alleged trade-off between the social and economic capabilities of a society and their impact on the well-being of the citizens. Furthermore, they identify welfare regimes whose policies are more balanced in terms of prioritizing economic as well as social goals and, hence, are more successful in promoting social inclusion along with faster growth.


International Bibliography of Economics

International Bibliography of Economics
Author: Compiled by the British Library of Political and Economic Science
Publisher: Psychology Press
Total Pages: 676
Release: 2003
Genre: Economics
ISBN: 0415326354

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IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.


The Stability and Growth Pact

The Stability and Growth Pact
Author: A. Brunila
Publisher: Springer
Total Pages: 446
Release: 2001-09-20
Genre: Business & Economics
ISBN: 0230629261

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The Stability and Growth Pact (SGP) encompasses the legislative text and political resolutions regulating fiscal policy and public finances in EMU. The contributions in this volume analyse the institutional, legal, theoretical and empirical aspects of the SGP, examine its development and evaluate its main implications. The authors include academic economists, who provide insightful analysis, and policy makers who have contributed to the shaping of the pact and have a direct responsibility for its implementation. This book is the definitive source of reference on the SGP for academics, policy makes and economists.


The European Union

The European Union
Author: Ali El-Agraa
Publisher: Cambridge University Press
Total Pages: 1135
Release: 2007-08-09
Genre: Business & Economics
ISBN: 0521874432

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The European Union provides a comprehensive introduction to the economics and policies of the EU.


Exchange Rates and Economic Policy in the 20th Century

Exchange Rates and Economic Policy in the 20th Century
Author: Derek H. Aldcroft
Publisher: Routledge
Total Pages: 315
Release: 2017-07-05
Genre: History
ISBN: 1351937901

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The themes of this study are the exchange rate regimes chosen by policy makers in the twentieth century, the means used to maintain these regimes, and the impact of these decisions on individual national economies and the world economy in general. The book draws heavily on new research showing the lessons and the legacy left for policy makers by the gold standard and the attempt at its resurrection in the 1920s. In examining issues such as the gold exchange standard, the gold bullion standard, the experience of floating exchange rates, the Bretton Woods arrangements, the EMS and the ERM, and the Currency Board approach, there is a conscious attempt to draw out the relevance of history for policy makers now.


The European Union

The European Union
Author: A. M. El-Agraa
Publisher: Financial Times/Prentice Hall
Total Pages: 598
Release: 2004
Genre: Economic integration
ISBN:

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The expertise of nineteen recognised authorities has been brought together in this cohesive text which has been skilfully edited to offer a complete guide to the economics and policies of the EU. The bookAs logical structure makes navigation through the background, theory and impact of EU integration easy, and chapters include extensive coverage of all major recent developments such as the ratification of the Nice Treaty and the Future Convention. Key features: Presents the reader with a comprehensive introduction and background to the economics and policies of the EU Covers the theory, measurement and analysis of policies for economic integration Assesses the benefits and problems of international economic integration Covers of all major EU policies Analyses the expected further enlargement of the EU and its future developments New to this edition: A full chapter on the operation of the euro Two new chapters on the EMU and the euro The Convention for the Future of Europe and the ratification of the Nice Treaty are covered throughout the text "The European Union" is designed for readers from all disciplines studying the EU, its economics and policies, and the effects of economic integration. Its wealth of information, detail and analysis has ensured that previous editions have been read by students, researchers and professional policymakers alike. The editor and author Ali M. El-Agraa is Professor of International Economics at Fukuoka University, Japan. He was Senior Lecturer in Economics at the University of Leeds, UK, until 1988 and has held several Visiting Professorships, including posts at Vanderbilt University, USA, and the International University of Japan. He has been a Senior International Consultant on Regional Integration for the UN and a lifetime consultant for the Anglo-Japanese Economic Institute in London. Contributors to the seventh edition are: Brian Ardy, Harvey W. Armstrong, Iain Begg, Juha Kilponen, Marius Brulhart, Kenneth Button, Damian Chalmers, Doreen Collins, Victoria Curzon Price, Nigel Grimwade, Ulrich Koester, Alan Marian, Stephen Martin, David G. Mayes, Alan Matthews, Ella Ritchie, Robert Salais and Wolf Sauter.