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Real Wage Rigidities, Fiscal Policy, and the Stability of Emu in the Transition Phase

Norbert Berthold
4.9/5 (19368 ratings)
Read Now Download Now ⏭ listen AudioBook
Description:After the endorsement of a large European Monetary Union (EMU) with 11 starting members by the European Commission, the European Monetary Institute, and last but not least the Bundesbank even the hard-core skeptics appear to be convinced: the Euro will be a success story, and it will more or less smoothly sail onwards from its start on January 1, 1999, to finally substituting the respective national currencies by July 1, 2002. The rather surprising fulfillment of the Maastricht criteria by such a large number of countries serves as a strong argument for this rather optimistic point of view. It should be cautioned though that some countries only managed to fulfill the fiscal criteria by resorting to short term measures, by creative accounting, and of course by a generous interpretation of the criteria. This is of course not to deny that macroeconomic discipline has improved substantially throughout the European Union (EU) in recent years. The above institutions expressed nonetheless some reservations concerning the high level of outstanding government debt in Belgium and Italy; both have accumulated more than twice the reference value in the Maastricht Treaty of 60 percent of GDP. However, assuming that both countries continue their recently begun fiscal consolidation path, it is argued that the stability of the Euro is not undermined by this onerously high level of government debt.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Real Wage Rigidities, Fiscal Policy, and the Stability of Emu in the Transition Phase. To get started finding Real Wage Rigidities, Fiscal Policy, and the Stability of Emu in the Transition Phase, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
34
Format
PDF, EPUB & Kindle Edition
Publisher
Not Avail
Release
1999
ISBN
6613779032

Real Wage Rigidities, Fiscal Policy, and the Stability of Emu in the Transition Phase

Norbert Berthold
4.4/5 (1290744 ratings)
Read Now Download now ⏭ listen AudioBook
Description: After the endorsement of a large European Monetary Union (EMU) with 11 starting members by the European Commission, the European Monetary Institute, and last but not least the Bundesbank even the hard-core skeptics appear to be convinced: the Euro will be a success story, and it will more or less smoothly sail onwards from its start on January 1, 1999, to finally substituting the respective national currencies by July 1, 2002. The rather surprising fulfillment of the Maastricht criteria by such a large number of countries serves as a strong argument for this rather optimistic point of view. It should be cautioned though that some countries only managed to fulfill the fiscal criteria by resorting to short term measures, by creative accounting, and of course by a generous interpretation of the criteria. This is of course not to deny that macroeconomic discipline has improved substantially throughout the European Union (EU) in recent years. The above institutions expressed nonetheless some reservations concerning the high level of outstanding government debt in Belgium and Italy; both have accumulated more than twice the reference value in the Maastricht Treaty of 60 percent of GDP. However, assuming that both countries continue their recently begun fiscal consolidation path, it is argued that the stability of the Euro is not undermined by this onerously high level of government debt.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Real Wage Rigidities, Fiscal Policy, and the Stability of Emu in the Transition Phase. To get started finding Real Wage Rigidities, Fiscal Policy, and the Stability of Emu in the Transition Phase, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
34
Format
PDF, EPUB & Kindle Edition
Publisher
Not Avail
Release
1999
ISBN
6613779032

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