Results overview: Found 3 records in 0.02 seconds.
Research literature, 3 records found
Research literature 3 records found  
1.
68 p, 446.2 KB Rethinking optimal currency areas / Chari, V. V. ; Dovis, Alessandro ; Kehoe, Patrick J.
The traditional Mundellian criterion, which implicitly assumes commitment to monetary policy, is that countries with similar shocks should form unions. Without such commitment a new criterion emerges: countries with dissimilar temptation shocks, namely those that exacerbate time inconsistency problems, should form unions. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (Ademu Working Paper Series ; 9)  
2.
21 p, 274.8 KB A journey down the slippery slope to the European crisis : a theorist's guide / Chari, V. V. ; Dovis, Alessandro ; Kehoe, Patrick J.
We offer a theoretically based narrative that attempts to account both for the formation of the European Monetary Union and the callenges it has faced. Lack of commitment to policy plays a central role in this narrative.
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2017 (ADEMU Working Paper Series ; 54)  
3.
48 p, 443.2 KB Fiscal unions redux / Kehoe, Patrick J. ; Pastorino, Elena
Before the advent of sophisticated international financial markets, the widely accepted belief was that within a monetary union, a union-wide authority orchestrating fiscal transfers between countries is necessary to provide adequate insurance against country-specific economic fluctuations. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

Universitat Pompeu Fabra 2015 (Ademu Working Papers Series ; 12)  

Interested in being notified about new results for this query?
Set up a personal email alert or subscribe to the RSS feed.