A Strong Euro or a Weak Euro?
AbstractUsing a simple macroeconomic two-country model, we analyze the possible structural reasons for which the European Central Bank might have a monetary policy different from the one pursued presently by the Bundesbank (implying a weaker or a stroger parity for the european currencies vis-a-vis the rest of the world).
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Bibliographic InfoPaper provided by Caisse des Depots et Consignations - Cahiers de recherche in its series Papers with number 96-02/ei.
Length: 34 pages
Date of creation: 1996
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Postal: Caisse des depots et consignations, Services des etudes economiques et financieres, 195 Boulevard Saint Germain- 75007 Paris, France.
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- F31 - International Economics - - International Finance - - - Foreign Exchange
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
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- Richard Portes & Helene Rey, 1998.
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