Advanced Search
MyIDEAS: Login to save this paper or follow this series

The Concept Of Neutral Inflation And Its Application To The Eu Economic Growth Analyses

Contents:

Author Info

  • Jan L. Bednarczyk
Registered author(s):

    Abstract

    The prospects of economic growth in the Euro area depend, to a large extent, on the way in which its participants will solve the problems of economic stabilisation; they depend on whether the conceptual dogmas will prevail in the stabilisation policy or the tendency to make the stabilisation policy instruments more flexible and adjustable to changes in the economic situation. The system of restrictions imposed upon the EU countries by the Maastricht Treaty and the Stability and Growth Pact fulfilled its tasks in the sense that it enabled the indispensable co-ordination of the economic policies of these countries and introduction of the common currency. It seems now that the framework is too rigid and singlemindedly aimed at persuing one goal only (i.e. price stability) and, therefore, in the long run, it cannot be a useful tool of integration and creation of favourable conditions for the development in the Euro area countries. Hence it seems that the reform of the system is inevitable and it should rely on using the opportunities offered by both - monetary and fiscal policy.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.ec.unipg.it/DEFS/uploads/the_concept_of_neutral_inflation_prof_j_bednarczyk__w___oc__hy.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Università di Perugia, Dipartimento Economia, Finanza e Statistica in its series Quaderni del Dipartimento di Economia, Finanza e Statistica with number 25/2006.

    as in new window
    Length: 25 pages
    Date of creation: 01 Oct 2006
    Date of revision:
    Handle: RePEc:pia:wpaper:25/2006

    Contact details of provider:
    Postal: via Pascoli, 20 - 06123 Perugia
    Phone: +39 075 5855279
    Fax: +39 075 5855299
    Email:
    Web page: http://www.ec.unipg.it/DEFS/
    More information through EDIRC

    Related research

    Keywords:

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Pedro de Lima & Alain de Serres & Mike Kennedy, 2003. "Macroeconomic Policy and Economic Performance," OECD Economics Department Working Papers 353, OECD Publishing.
    2. Aaron Drew & Mike Kennedy & Torsten Sløk, 2004. "Differences in Resilience Between the Euro-Area and US Economies," OECD Economics Department Working Papers 382, OECD Publishing.
    3. Peter Bofinger, 2003. "The Stability and Growth Pact neglects the policy mix between fiscal and monetary policy," Intereconomics: Review of European Economic Policy, Springer, vol. 38(1), pages 4-7, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:pia:wpaper:25/2006. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ubaldo Pizzoli).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.