Choosing the Regime
Macroeconomic Effects of UK Entry into EMU
Bibliographic Data
| ID | 6282173 |
|---|---|
| Authors | Ray Barrell (0000-0001-9252-1337, National Institute of Economic and Social Research), Karen Dury (National Institute of Economic and Social Research) |
| Year | 2000 |
| Volume | 38 |
| Issue | 4 |
| Pages | 625-644 |
| Publication date | 2000-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1468-5965.00257 |
| OpenAlex | W2007907320 |
| Language | EN |
| Citations received | 1 |
| References cited | 4 |
The UK's decision on EMU membership depends in part on its effects on the economy. The UK targets inflation, and this involves some ‘price level drift’, whilst the ECB emphasizes price stability and would plan to reverse the drift in the price level caused by external shocks such as an increase in the oil price. We discuss the foundations of the ECB policy in German Ordoliberalism. The regimes are then compared over the future using a large macro model (NiGEM) which includes descriptions of all the European economies. It is repeatedly subject to historically representative shocks. The effects of these shocks are compared with the UK in and out of EMU
Economics · German · Inflation (cosmology · International economics · Keynesian economics · Macro · Macroeconomics · Monetary economics · Monetary policy · Oil price · Price level · Price of stability · Supply shock · German Economic Analysis & Policies · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,04 |
| Citation span | 2003 - 2003 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |