scholarly journals Economic Effects of Currency Unions

10.3386/w9435 ◽  
2003 ◽  
Author(s):  
Silvana Tenreyro ◽  
Robert Barro
Keyword(s):  
Economic Effects ◽  
Currency Unions

scholarly journals Economic Effects of Currency Unions

2003 ◽  
Author(s):  
Silvana Tenreyro ◽  
Robert J. Barro
Keyword(s):  
Economic Effects ◽  
Currency Unions

scholarly journals ECONOMIC EFFECTS OF CURRENCY UNIONS

2007 ◽  
Vol 45 (1) ◽  
pp. 1-23 ◽  
Author(s):  
ROBERT BARRO ◽  
SILVANA TENREYRO
Keyword(s):  
Economic Effects ◽  
Currency Unions

scholarly journals Mixed Signals: Central Bank Independence, Coordinated Wage Bargaining, and European Monetary Union

1998 ◽  
Vol 52 (3) ◽  
pp. 505-535 ◽  
Author(s):  
Peter A. Hall ◽  
Robert J. Franzese
Keyword(s):  
Central Bank ◽  
Monetary Union ◽  
European Monetary Union ◽  
Wage Bargaining ◽  
Central Bank Independence ◽  
Economic Effects ◽  
Currency Unions ◽  
European Monetary ◽  
The Status ◽  
The Impact

Plans for the European Monetary Union (EMU) are based on the conventional postulate that increasing the independence of the central bank can reduce inflation without any real economic effects. However, the theoretical and empirical bases for this claim rest on models of the economy that make unrealistic information assumptions and omit institutional variables other than the central bank. When signaling problems between the central bank and other actors in the political economy are considered, we find that the character of wage bargaining conditions the impact of central bank independence by rendering the signals between the bank and the bargainers more or less effective. Greater central bank independence can reduce inflation without major employment effects where bargaining is coordinated, but it can bring higher levels of unemployment where bargaining is less coordinated. Thus, currency unions like the EMU may require higher levels of unemployment to control inflation than their proponents envisage. They will have costs as well as benefits, and these will be unevenly distributed among and within the member nations, depending on the changes they induce in the status of the bank and of wage coordination.

Eurasian Economic union: Prospects and challenges for Development

2015 ◽  
pp. 87-108 ◽  
Author(s):  
A. Knobel
Keyword(s):  
Oil And Gas ◽  
Economic Effects ◽  
Necessary Condition ◽  
Gas Transfer ◽  
Eurasian Economic Union ◽  
Economic Union ◽  
Food Imports ◽  
Cis Countries ◽  
Integration Problems ◽  
Integration Challenge

The paper is devoted to the analysis of development prospects and problems of Eurasian Economic Union (EAEU) of Russia, Kazakhstan, Belarus and Armenia. It considers integration problems inside EAEU, interactions of EAEU with other CIS countries and with countries from the rest of the world. The paper shows that the major integration challenge inside EAEU is the domination of the redistributive motive over the creative one. It estimates the value of the oil and gas transfer from Russia to other EAEU members and the influence of the Russian tax maneuver on this transfer. The paper shows the need in redistribution mechanism inside EAEU as a necessary condition for getting the potential positive economic effects of free trade with other countries. It also assesses the risks for EAEU due to Russian embargo for food imports from countries of the sanctions list and possible application of tariff in the trade with Ukraine.

Economic effects of monetary policy in Russia: What do large datasets tell us?

2020 ◽  
pp. 31-53 ◽  
Author(s):  
Anna A. Pestova ◽  
Natalia A. Rostova
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Interest Rates ◽  
Economic Activity ◽  
Global Financial Crisis ◽  
Exchange Rate Regime ◽  
Aggregate Demand ◽  
Economic Effects ◽  
Theoretical Concepts ◽  
Empirical Estimates

Is the Bank of Russia able to control inflation and, at the same time, manage aggregate demand using its interest rate instruments? In other words, are empirical estimates of the effects of monetary policy in Russia consistent with the theoretical concepts and experience of advanced economies? This paper is aimed at addressing these issues. Unlike previous research, we employ “big data” — a large dataset of macroeconomic and financial data — to estimate the effects of monetary policy in Russia. We focus exclusively on the period after the 2008—2009 global financial crisis when the Bank of Russia announced the abandoning of its fixed ruble exchange rate regime and started to gradually transit to an interest rate management. Our estimation results do not confirm standard responses of key economic activity and price variables to tightening of monetary policy. Specifically, our estimates do not reveal a statistically significant restraining effect of the Bank of Russia’s policy of high interest rates on inflation in recent years. At the same time, we find a significant deteriorating effect of the monetary tightening on economic activity indicators: according to our conservative estimates, each of the key rate increases occurred in March and December 2014 had led to a decrease in the industrial production index by about 0.2 percentage points within a year.

Economic Effects of 2004-2009 Tax Reforms: Retrospective Analysis

2012 ◽  
pp. 108-123
Author(s):  
E. Penukhina ◽  
D. Belousov ◽  
K. Mikhailenko
Keyword(s):  
Retrospective Analysis ◽  
Tax Policy ◽  
Economic Effects ◽  
Tax Policies ◽  
Policy Changes ◽  
Tax Reforms ◽  
Russian Economy ◽  
Balanced Budget ◽  
Budget System

The article determines, describes and analyzes phases of tax reforms in Russia. We estimate macroeconomic and fiscal effects of various tax policies held during the second and third phases of tax reforms. The necessity of providing a balanced budget system, as well as complex assessment of effects of tax policy changes for the development of the Russian economy is noted.

Socio-economic effects of labor migration from small towns of Russia

2016 ◽  
pp. 103-123 ◽  
Author(s):  
N. Mkrtchyan ◽  
Y. Florinskaya
Keyword(s):  
Migrant Workers ◽  
Labor Migration ◽  
Small Towns ◽  
Economic Benefits ◽  
Economic Effects ◽  
Spatial Mobility ◽  
Positive Effects ◽  
High Labor ◽  
Standardized Interview

The article examines labor migration from small Russian towns: prevalence of the phenomenon, the direction and duration of trips, spheres of employment and earnings of migrants, social and economic benefits of migration for households. The representative surveys of households and migrant-workers by a standardized interview were conducted in four selected towns. Authors draw a conclusion about high labor spatial mobility of the population of small towns and existence of positive effects for migrant’s households and the economy of towns themselves.

Economic effects of winter wheat fertilization

2006 ◽  
Vol 34 (1) ◽  
pp. 825-828 ◽  
Author(s):  
Ruzica Loncaric ◽  
Zdenko Loncaric ◽  
Krunoslav Zmaic
Keyword(s):  
Winter Wheat ◽  
Economic Effects

The Clinical and Economic Effects of Switching Medicare Beneficiaries with Type 2 Diabetes from Analog to Human Insulin

Diabetes ◽  
2018 ◽  
Vol 67 (Supplement 1) ◽  
pp. 4-OR
Author(s):  
JING LUO ◽  
NAZLEEN F. KHAN ◽  
THOMAS MANETTI ◽  
JAMES J. ROSE ◽  
ANI KALOGHLIAN ◽  
...  
Keyword(s):  
Type 2 Diabetes ◽  
Human Insulin ◽  
Economic Effects ◽  
Medicare Beneficiaries
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