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The Limits of the Market
  • Language: en
  • Pages: 182

The Limits of the Market

The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book. The desired mix of market and state is anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During ...

Economics of Monetary Union
  • Language: en
  • Pages: 289

Economics of Monetary Union

Economics of Monetary Union provides concise analysis of theories and policies relating to monetary union. It addresses current issues surrounding the Eurozone, including; costs and benefits of possible exits by member countries, an analysis of the role of the ECB as new single supervisor and detail on the sovereign debt crisis.

The Economics of Monetary Integration
  • Language: en
  • Pages: 256

The Economics of Monetary Integration

Fully revised and updated, this popular introductory textbook on monetary integration in Europe covers important recent events and theoretical issues. Paul De Grauwe authoritatively evaluates the costs and benefits of monetary union and the current possibilities of moving towards a single currency.

Lectures on Behavioral Macroeconomics
  • Language: en
  • Pages: 152

Lectures on Behavioral Macroeconomics

6.2 Introducing Asset Prices in the Behavioral Model -- 6.3 Simulating the Model -- 6.4 Should the Central Bank Care about Stock Prices? -- 6.5 Inflation Targeting and Macroeconomic Stability -- 6.6 The Trade-off between Output and Inflation Variability -- 6.7 Conclusion -- 7 Extensions of the Basic Model -- 7.1 Fundamentalists Are Biased -- 7.2 Shocks and Trade-offs -- 7.3 Further Extensions of the Basic Model -- 7.4 Conclusion -- 8 Empirical Issues -- 8.1 Introduction -- 8.2 The Correlation of Output Movements and Animal Spirits -- 8.3 Model Predictions: Higher Moments -- 8.4 Transmission of Monetary Policy Shocks -- 8.5 Conclusion -- References -- Index

The ECU and European Monetary Integration
  • Language: en
  • Pages: 241

The ECU and European Monetary Integration

  • Type: Book
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  • Published: 1988-10-28
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  • Publisher: Springer

The creation of the ECU in 1979 as part of the newly established European Monetary system was greeted with widespread scepticism, few predicted the success it would have in private financial markets. The macroeconomic and microeconomic implications of the ECU and its significance for monetary integration in Europe are considered by a variety of contributors from academics to those in banking circles. Current research is examined and the theoretical and empirical aspects of the emergence of the ECU as a vehicle for European policy-making are considered to provide insights as to its future development.

Economics of Monetary Union
  • Language: en
  • Pages: 276

Economics of Monetary Union

The market leader and the main specialist book in this area, De Grauwe has built on the success of the previous edition and thoroughly revised and updated this new edition of 'Economics of Monetary Union'. The book covers all the key issues relating to monetary union and will fit with bothundergraduate and postgraduate Economics modules. Clear and concise, it covers the costs and benefits of monetary union in part one and the present workings of the European monetary union in part two. Student friendly and well structured, the book is split into two parts. The first part examines the theory of optimal currency and the costs and benefits of joining a monetary union and the second part looks a...

Exchange Rate Economics
  • Language: en
  • Pages: 374

Exchange Rate Economics

  • Type: Book
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  • Published: 2005
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  • Publisher: MIT Press

Discussions of the different theoretical and empirical paradigms for setting and predicting exchange rates.

Structural Reforms and Economic Growth in Europe
  • Language: en
  • Pages: 467

Structural Reforms and Economic Growth in Europe

A state-of-the-art overview of the impacts of structural reforms on growth, employment and inequality in Europe.

Prospects for Monetary Unions After the Euro
  • Language: en
  • Pages: 376

Prospects for Monetary Unions After the Euro

  • Type: Book
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  • Published: 2005
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  • Publisher: MIT Press

Monetary integration is a hot topic since the success of the euro. This book looks at the future prospects for the eurozone and at the potential for similar schemes in other parts of the world.

Exchange Rates and Global Financial Policies
  • Language: en
  • Pages: 584

Exchange Rates and Global Financial Policies

Exchange Rates and Global Financial Policies brings together research and work done by world-class economist Paul De Grauwe over the past two decades. Drawing inspiration from behavioural finance literature, De Grauwe covers topics such as exchange rate economics, monetary integration (with particular attention on the Eurozone), and international macroeconomics. His work is categorised across three parts. The first part develops new theoretical and empirical approaches to exchange rate modelling. The second part features a collection of papers on the theory and empirical analysis of monetary unions. The final part contains criticism of mainstream macroeconomic models as well as proposed alte...