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Paying for the War: Economic Policy in Poor Countries Under Conflict Conditions

Valpy FitzGerald

in War and Underdevelopment: Volume 1: The Economic and Social Consequences of Conflict

Published in print:
2000
Published Online:
October 2011
ISBN:
9780199241866
eISBN:
9780191696961
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199241866.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

Macroeconomic policy in wartime is concerned with reducing human suffering, particularly in poor countries where a large proportion of the population is near or below the poverty line. This chapter ... More


Currency Boards in Retrospect and Prospect

Holger C. Wolf, Atish R. Ghosh, Helge Berger, and Anne-Marie Gulde

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262232654
eISBN:
9780262286411
Item type:
book
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262232654.001.0001
Subject:
Economics and Finance, Econometrics

Currency boards, more so than other exchange rate regimes, have come in and out of fashion. Defined by a fixed exchange rate with full convertibility, central bank liabilities backed with foreign ... More


A Real or a Mock Budget?

Jean Pisani-Ferry

in The Euro Crisis and Its Aftermath

Published in print:
2014
Published Online:
May 2014
ISBN:
9780199993338
eISBN:
9780199346400
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199993338.003.0018
Subject:
Economics and Finance, Financial Economics

In contrast to the United States or other federations, the euro area does not have a meaningful federal budget. The budget of the European Union amounts to only one percent of its GDP, lacks ... More


Euro Membership as a U.K. Monetary Policy Option: Results from a Structural Model

Riccardo DiCecio and Edward Nelson

in Europe and the Euro

Published in print:
2010
Published Online:
February 2013
ISBN:
9780226012834
eISBN:
9780226012858
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226012858.003.0012
Subject:
Economics and Finance, International

This chapter shows that euro membership would eliminate shocks to the uncovered interest rate parity condition, which is identified as a major source of exchange rate variation. It considers euro ... More


Introduction

Wolf Holger C., Ghosh Atish R., Berger Helge, and Gulde Anne-Marie

in Currency Boards in Retrospect and Prospect

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262232654
eISBN:
9780262286411
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262232654.003.0001
Subject:
Economics and Finance, Econometrics

This introductory chapter describes the changing fortunes of currency board arrangements (CBAs) since their beginnings in colonial times. CBAs were once one of the dominant regimes in small open ... More


Macro‐Financial Stability Under EMU

Philip R. Lane

in After the Crisis: Reform, Recovery, and Growth in Europe

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198754688
eISBN:
9780191816260
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198754688.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines the cyclical behaviour of country-level macro-financial variables under EMU Monetary union strengthened the covariation pattern between the output cycle and the financial cycle, ... More


Monetary and Fiscal Policy in a Liquidity Trap: The Japanese Experience 1999–2004

Mitsuru Iwamura, Takeshi Kudo, and Tsutomu Watanabe (eds)

in Monetary Policy with Very Low Inflation in the Pacific Rim

Published in print:
2006
Published Online:
February 2013
ISBN:
9780226378978
eISBN:
9780226379012
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226379012.003.0007
Subject:
Economics and Finance, South and East Asia

This chapter employs both theoretical and empirical tools to examine Japanese macroeconomic stabilization over the past five years. The role of fiscal policy in a liquidity trap is reviewed. It is ... More


Conclusion

Andrew Martin and Jon Erik Dølvik (eds)

in European Social Models From Crisis to Crisis: Employment and Inequality in the Era of Monetary Integration

Published in print:
2014
Published Online:
January 2015
ISBN:
9780198717966
eISBN:
9780191787423
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198717966.003.0012
Subject:
Political Science, Political Economy, Comparative Politics

The controversies over European social model institutions converge in the basic issue of whether there is necessarily a trade-off between higher employment and lower inequality. The cases and broader ... More


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