delves into the advantages of an MSTL solution for resolving contentious migration and monetaryunion disputes. Section 5 surveys competing proposals. Section 6 showcases the advantages of MSTL, and Section 7 concludes. 2 Setting the stage The EU
background by discussing the role of prices in a monetaryunion. In addition, it provides a brief overview of the related empirical literature. Section 3 presents the methodology and data. Findings are explained in Section 4 which first examines the
Exchange Rate Misalignment in the Euro Area . Review of International Economics , 24 ( 1 ): 37 – 66 .
European Commission ( 2015 ): Completing Europe’s Economic and MonetaryUnion. Report by Jean-Claude Juncker, in close
bailouts in the context of a monetaryunion and also to spot the key events as a basis for our detailed event set. Chapter 3 describes this set, along with the methodology, data and variables used to produce model outputs. Results and limitations are
Mosler (2008) that limit rentier income “at the source”. However, a most important matter to consider is how to incentivize the politicians. A possibility in that direction is to increase the role of governors/leaders of states within the monetaryunions
In this interview, Ángel Gurría looks back at a decade of financial and economic crisis and draws conclusions for macroeconomic policy. What concerns the European Economic and Monetary Union, he stresses the need to further improve the shock absorption capacity of the single currency. He insists that the OECD remains committed to going beyond GDP, and this is particularly relevant at a time when a new Jobs Strategy is being developed. He also highlights some key chapters in the 22 year long cooperation between the OECD and Hungary.