Now showing items 11-12 of 12
Supply policies coordination in a monetary union
(2000) Documento de trabajo / Lan gaiak,
This paper examines how the member countries of a monetary union react to country-specific shocks and to shocks from the rest of the world, using supply-side policies. We develop a three-country model in which countries ...
A general framework for the macroeconomic analysis of monetary unions
(2001) Documento de trabajo / Lan gaiak,
The objective of this paper is to develop a general framework for the macroeconomic modelling of monetary unions, which could be useful for policy analysis, as well as for teaching purposes. Our starting point will be the ...