EconPapers    
Economics at your fingertips  
 

The Goldilocks economy of the United States in comparison with Europe: an analysis with EUROMON

Marga Peeters ()

MPRA Paper from University Library of Munich, Germany

Abstract: The economic development in the United States has been very successful over the past decade, with high economic growth being accompanied by relatively low inflation. This article explores this development, comparing the economy of the United States with that of the EMU. In addition, it considers the contrasts between the large and the small EMU countries as regards the correlation between inflation and unemployment. Analyses based on simulations using the Bank's multicountry model EUROMON show how the economy in the United States would have developed in circumstances more typical of a 'standard economy', to which the traditional Phillips curve applies. Subsequently, also drawing on simulations, this article discusses several aspects of the new economy in the United States and the EMU, i.e. spending impulses in combination with more scope for market forces, and in combination with technological progress, for example, in the field of computers and information.

Keywords: economic growth; inflation; unemployment; new economy; EMU; information technology (search for similar items in EconPapers)
JEL-codes: J6 E31 F43 (search for similar items in EconPapers)
Date: 2000-03
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/29633/2/MPRA_paper_29633.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:29633

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2020-04-30
Handle: RePEc:pra:mprapa:29633