The Euro and World Inflation

The Euro and World Inflation

This paper uses a three-region framework to examine the effects of European currency unification on EMU and US inflation rates. It considers ways in which increased participation in the EMU might influence inflation choices in Europe and the United States. It also considers how alternative monetary...

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Veröffentlicht in:Oxford economic papers 2007-04, Vol.59 (2), p.171-193
Hauptverfasser: Selgin, George, David Van Hoose
Format: Artikel
Sprache:eng
Schlagworte:
Aggregate income
Central banks
Cooperation
Countries
Currency
Economic and Monetary Union
Economic development
Economic impact analysis
Economic theory
Elasticity
Empirical research
Euro
Euro zone
Europe
European Monetary Union
Global economy
Income elasticity of demand
Inflation
Inflation rate
Inflation rates
International monetary economics
Laffer curve
Logarithms
Monetary policy
Monetary unions
Money demand
Studies
U.S.A
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Beschreibung
Zusammenfassung:This paper uses a three-region framework to examine the effects of European currency unification on EMU and US inflation rates. It considers ways in which increased participation in the EMU might influence inflation choices in Europe and the United States. It also considers how alternative monetary policies and parameter values might influence the extent of participation in the EMU.
ISSN:0030-7653
1464-3812
DOI:10.1093/oep/gpl023