THE IMPLICATIONS OF A SINGLE EUROPEAN CURRENCY AND MONETARY POLICY: PROSPECTS AND POLICY ISSUES

Nicholas C. Garganas
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Nicholas C. Garganas: Bank of Greece, Greece

Chapter 1 in Link Proceedings 1991, 1992:Selected Papers from Meetings in Moscow, 1991, and Ankara, 1992, 1998, pp 3-33 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionMacroeconomic Policy Under EMUA framework for a single monetary policyTargeting nominal GDPPolicy response to shocksFiscal policy issuesExchange-rate policyRegional Adjustment Problems and the Need for Balancing MechanismsIdentifying the incidence of shocksWage and price flexibilityLabour mobilityThe role of investmentThe need for balancing mechanismsConcluding RemarksReferences

Date: 1998
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