Essays in Macroeconomics

Name: Essays in Macroeconomics
Brand: VDM Verlag
SKU: 9783639316742
Price: 21049 HUF
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Growth, Macroeconomic Volatility and Currency Unions

Szerző: Davide Furceri

Nyelv:

Kötés: Puha kötésű

Kiadó: VDM Verlag

Elérhetőség: Kiadói készleten rendelésre

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This work contributes to the literature in international macroeconomics, focusing on two important a...

Információk a könyvről

Szerző

Davide Furceri

Nyelv

Angol

Kötés

Könyv - Puha kötésű

Kiadva

2011

oldal

140

EAN

9783639316742

ISBN

3639316746

Enbook ID

06838528

Kiadó

VDM Verlag

Súly

213

Méretek

152 x 229 x 8

Teljes leírás

This work contributes to the literature in international macroeconomics, focusing on two important aspects: currency unions and growth. First,we develop a theoretical model that is able to capture some of the factors that are characterizing the trade between developed and developing countries and their growth regimes. Second, we consider two main macroeconomic costs and benefits predicted by the theory of Optimum Currency Areas: i) the business-cycle correlation between the candidate's economy and that of the currency zone as a whole; ii) the candidate economy's enhanced price stability. The results provide empirical evidence of the existence of several optimal currency areas in the world. In particular, in several areas, such as Europe, the Middle-East, Africa, the Commonwealth of Independent States and Mongolia, the creation of a common currency union is beneficial.Another important element to foster growth, besides trade and monetary integration, is macroeconomic stability. We present theoretical and empirical evidence showing that the relation between volatility and average long-run growth is robustly negative.

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Essays in Macroeconomics

Growth, Macroeconomic Volatility and Currency Unions

Információk a könyvről

Teljes leírás

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Azok a vásárlók, akik ezt a könyvet megvásárolták, a következőket is megvásárolták