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Author: Michael J. Artis Publisher: ISBN: Category : Business cycles Languages : en Pages : 32
Book Description
Susccesful fixed exchange rate systems impose policy disciplines which are likely to lead to conformity in the business cycles of the participatin countries. Thies conjecture is borne out in the present paper by the evidence adduced in it that the business cycle affiliation of the ERM member countries has shifted from the United States to Germany since the formation of the ERM. This effect is bolstered by growing links in trade and finance between the European countries. The United Kingdom is conspicuous among these in that its business cycle affiliation did not change.
Author: Michael J. Artis Publisher: ISBN: Category : Business cycles Languages : en Pages : 32
Book Description
Susccesful fixed exchange rate systems impose policy disciplines which are likely to lead to conformity in the business cycles of the participatin countries. Thies conjecture is borne out in the present paper by the evidence adduced in it that the business cycle affiliation of the ERM member countries has shifted from the United States to Germany since the formation of the ERM. This effect is bolstered by growing links in trade and finance between the European countries. The United Kingdom is conspicuous among these in that its business cycle affiliation did not change.
Author: Solomos Solomou Publisher: Manchester University Press ISBN: 9780719041518 Category : Business cycles Languages : en Pages : 150
Book Description
The ups and downs of booms and slumps, often referred to as business cycles, are features of all modern economies. This book considers business cycles over three epochs 1870-1913, 1919-1938 and the post-World War II period. It provides an analysis of the key macroeconomic questions relating to economic fluctuations. Why are the ups and down more volatile in some epochs than others? Why are some business cycle shocks more persistent in their effects? Is there an international business cycle? Can present business cycle features predict future patterns? What impact will institutional changes, such as EMU have on future fluctuations?
Author: Marcus Kappler Publisher: Springer Science & Business Media ISBN: 3790828556 Category : Business & Economics Languages : en Pages : 197
Book Description
This book offers the reader a state-of-the-art overview on theory and empirics of business cycle synchronisation, structural reform and economic integration. Focusing on the ongoing integration process in the euro area and the EU, it analyses the integration process that has taken place since the 1980s and which is marked by the advent of the euro and the substantial enlargement that resulted from the accession of 12 new Member States in East and Southern Europe.
Author: Sumru Altug Publisher: World Scientific ISBN: 9812832769 Category : Business & Economics Languages : en Pages : 161
Book Description
Provides an overview of the modern theory and empirics of business cycles. This book examines the notion of a business cycle and discusses alternative approaches to modeling. It also discusses what lies ahead for modern business cycle theory.
Author: Norbert Fiess Publisher: World Bank Publications ISBN: Category : Business Cycle Languages : en Pages : 19
Book Description
Abstract: In early January 2003, the United States and Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua launched official negotiations for the Central American Free Trade Agreement (CAFTA), a treaty that would expand NAFTA-style trade barrier reductions to Central America. With deeper trade integration between Central America and the United States, it is expected that there will be closer links in business cycles between Central American countries and the United States. The paper finds a relatively low degree of business cycle synchronization within Central America as well as between Central America and the United States. The business cycle synchronization is expected to increase only modestly with further trade expansion, making the coordination of macroeconomic policies within CAFTA somewhat less of a priority.
Author: Laurent Ferrara Publisher: Springer ISBN: 3319790757 Category : Business & Economics Languages : en Pages : 298
Book Description
This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.
Author: Das, Ramesh Chandra Publisher: IGI Global ISBN: 1522502165 Category : Business & Economics Languages : en Pages : 647
Book Description
The development of a nation can be influenced by a wide range of factors. In the modern era of globalization, under-developed countries must strive to catch up to developed nations and establish themselves in the global market. The Handbook of Research on Global Indicators of Economic and Political Convergence is a pivotal reference source for the latest scholarly research on social, political, and environmental variables that affect the ability of developing countries to reach an equal standing in the global economy. Highlighting theoretical foundations, critical analyses, and real-world perspectives, this book is ideally designed for researchers, analysts, professionals, and upper-level students interested in emerging convergence and divergence trends in modern countries.
Author: Michael J. Artis
Author: Michael J. Artis
Author: Michael J. Artis
Author: Michael John Artis
Author: Solomos Solomou
Author: Michael J. Artis
Author: Marcus Kappler
Author: Sumru Altug
Author: Norbert Fiess
Author: Laurent Ferrara
Author: Das, Ramesh Chandra