Monetary Union and Fiscal Stability

A New Approach

  • Frank Bohn

Part of the Contributions to Economics book series (CE)

Table of contents

  1. Front Matter
    Pages I-XIII
  2. Introduction

    1. Frank Bohn
      Pages 1-5
  3. Model and Methodical Background

    1. Front Matter
      Pages 7-7
    2. Frank Bohn
      Pages 9-19
  4. Results and Applications

    1. Front Matter
      Pages 57-57
    2. Frank Bohn
      Pages 59-77
    3. Frank Bohn
      Pages 79-104
  5. Fiscal Policy in Italy — An Extension

    1. Front Matter
      Pages 123-123
    2. Frank Bohn
      Pages 125-146
    3. Frank Bohn
      Pages 147-173
  6. Conclusion

    1. Frank Bohn
      Pages 175-179
  7. Back Matter
    Pages 181-226

About this book


This book addresses the macroeconomic implications of a country's transition to a monetary union. By using a dynamic multi-country simulation model, it is possible to pinpoint a monetary union, and repercussions produced by fiscal retrenchment policies. Interest and exchange rate effects could only be captured once a new approach including innovations in the solution methodology had been developed. Not only can we draw lessons for newly joining members to the EMU or to any other monetary union, but the analysis also implicitly offers a new explanation for the weak Euro in the first half of 1999.


Euro Exchange Rate Effects Fiscal Policy Fiskalpolitik Interest Effects Monetary Union Wechselkurseffekte Währungsunion Zinseffekte

Authors and affiliations

  • Frank Bohn
    • 1
    • 2
  1. 1.Alfred Weber-Institut (AWI)University of HeidelbergHeidelbergGermany
  2. 2.Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW)University of PotsdamPotsdamGermany

Bibliographic information

  • DOI
  • Copyright Information Physica-Verlag Heidelberg 2000
  • Publisher Name Physica, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-7908-1266-4
  • Online ISBN 978-3-642-57639-3
  • Series Print ISSN 1431-1933
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking