Verfügbarkeit: Exchange Rate-Based Stabilization in Western Europe

Exchange Rate-Based Stabilization in Western Europe: Greece, Ireland, Italy and Portugal

This paper compares the experience with exchange-rate-based stabilization (ERBS) of four Western European countries with that of high-inflation developing countries. In general, the behavior of key macroeconomic variables-inflation, output, demand, the real exchange rate and the current account-in t...

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1. Verfasser:	Detragiache, Enrica (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1997
Schriftenreihe:	IMF Working Papers Working Paper No. 97/75
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper compares the experience with exchange-rate-based stabilization (ERBS) of four Western European countries with that of high-inflation developing countries. In general, the behavior of key macroeconomic variables-inflation, output, demand, the real exchange rate and the current account-in the four countries examined did not correspond to the pattern observed in developing countries, although some resemblance to this pattern could be found in Italy in 1987-92 and Greece in 1994-96. The experience with ERBS in Western Europe highlights the importance of incomes policy as an ingredient of a successful stabilization program and shows that the adoption of a looser anchor does not necessarily reduce the output cost of disinflation
Beschreibung:	1 Online-Ressource (29 p)
ISBN:	1451849699 9781451849691

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spelling	Detragiache, Enrica Verfasser aut Exchange Rate-Based Stabilization in Western Europe Greece, Ireland, Italy and Portugal Detragiache, Enrica Washington, D.C International Monetary Fund 1997 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/75 This paper compares the experience with exchange-rate-based stabilization (ERBS) of four Western European countries with that of high-inflation developing countries. In general, the behavior of key macroeconomic variables-inflation, output, demand, the real exchange rate and the current account-in the four countries examined did not correspond to the pattern observed in developing countries, although some resemblance to this pattern could be found in Italy in 1987-92 and Greece in 1994-96. The experience with ERBS in Western Europe highlights the importance of incomes policy as an ingredient of a successful stabilization program and shows that the adoption of a looser anchor does not necessarily reduce the output cost of disinflation Online-Ausg Hamann, A. Javier Sonstige oth http://elibrary.imf.org/view/IMF001/02203-9781451849691/02203-9781451849691/02203-9781451849691.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Detragiache, Enrica Exchange Rate-Based Stabilization in Western Europe Greece, Ireland, Italy and Portugal
title	Exchange Rate-Based Stabilization in Western Europe Greece, Ireland, Italy and Portugal
title_auth	Exchange Rate-Based Stabilization in Western Europe Greece, Ireland, Italy and Portugal
title_exact_search	Exchange Rate-Based Stabilization in Western Europe Greece, Ireland, Italy and Portugal
title_exact_search_txtP	Exchange Rate-Based Stabilization in Western Europe Greece, Ireland, Italy and Portugal
title_full	Exchange Rate-Based Stabilization in Western Europe Greece, Ireland, Italy and Portugal Detragiache, Enrica
title_fullStr	Exchange Rate-Based Stabilization in Western Europe Greece, Ireland, Italy and Portugal Detragiache, Enrica
title_full_unstemmed	Exchange Rate-Based Stabilization in Western Europe Greece, Ireland, Italy and Portugal Detragiache, Enrica
title_short	Exchange Rate-Based Stabilization in Western Europe
title_sort	exchange rate based stabilization in western europe greece ireland italy and portugal
title_sub	Greece, Ireland, Italy and Portugal
url	http://elibrary.imf.org/view/IMF001/02203-9781451849691/02203-9781451849691/02203-9781451849691.xml
work_keys_str_mv	AT detragiacheenrica exchangeratebasedstabilizationinwesterneuropegreeceirelanditalyandportugal AT hamannajavier exchangeratebasedstabilizationinwesterneuropegreeceirelanditalyandportugal

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