Title: Analyzing Accession to the Euro-Area using Using a New Keynesian Model
Authors: Moons, Cindy ×
Garretsen, Harry
Van Aarle, Bas #
Issue Date: 2008
Publisher: Springer-Verlag
Series Title: International Economics and Economic Policy vol:5 pages:5-25
Abstract: This paper analyses the accession to the euro-area by new members using a stylized new-Keynesian model. We analyze macroeconomic adjustment in the preand post-accession case and calculate welfare in both situations to obtain net benefit/ loss from accession. It is shown how the effects of accession is related to the conduct of monetary policy and fiscal policy in the pre- and post-accession case. The simulation examples point at the potential costs that accession might entail due its consequences on monetary and fiscal policy design. These consequences from accession in terms of macroeconomic stabilization ability of monetary and fiscal policies have not always been fully acknowledged and may need more attention.
ISSN: 1612-4804
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Centre for Globalization, Innovation and Competition, Campus Brussels (-)
Department of ECON-CEDON, Campus Brussels
× corresponding author
# (joint) last author

Files in This Item:
File Status SizeFormat
moons.pdf Published 471KbAdobe PDFView/Open Request a copy

These files are only available to some KU Leuven Association staff members


All items in Lirias are protected by copyright, with all rights reserved.