Titlebook: Economic Spillovers, Structural Reforms and Policy Coordination in the Euro Area; Bas Aarle,Klaus Weyerstrass Book 2008 Physica-Verlag Hei

笨拙處理

flammable

Budgetary spillovers and short-term interest rates,hrough these spillovers. In the short run, spillovers arise from the effects that monetary policy may have on the macroeconomic conditions under which fiscal policies are undertaken, and vice versa. In the long run, these spillovers/interdependencies arise in particular from the accumulation of government debt.

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Bas Aarle,Klaus WeyerstrassIncludes supplementary material:

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Contributions to Economicshttp://image.papertrans.cn/e/image/301800.jpg

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Thomas Haipeter,Gernot Mühge,Olaf Struckmonetary policy is conducted centrally by the European System of Central Banks and the European Central Bank (ECB) in particular, structural and fiscal policies remain under the responsibility of the individual Member States, but they are subject to intensive consultation and multilateral surveillan

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https://doi.org/10.1007/978-3-531-90253-1in which ways these spillovers manifest themselves in the Euro Area e.g. through trade flows, pass-through of inflation, adjustments caused by changes of the common short-term interest rate and the exchange rate of the euro. It was also noted that there exist several spillover effects from monetary

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Qualitative empirische Ergebnisse,me — albeit not very robust — empirical endorsement. Most economists would nevertheless agree with the position that consolidating public finances reduces pressure on long-term interest rates and will be conducive to economic growth in the long run by stimulating private investment (Gale and Orszag,

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Inhalte beruflicher Weiterbildung, in the world, capable of sustaining economic growth with more and better jobs and greater social cohesion” by 2010. To achieve this overall goal, a set of economic and social reforms called the “Lisbon Strategy” or the “Lisbon Agenda” to be undertaken was defined. Several objectives, grouped in fiv

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Berufliche Zielkl?rung und Selbststeuerung. For the former, we build upon the results obtained in Chapter 5 regarding the spillovers from economic reforms that close the efficiency gap between the Euro Area and the US. For the latter, we start from the fact that at present, several Euro Area (and other EU) countries have difficulties in ful