Autore: Acocella, Nicola
Titolo: The deflationary bias of exit strategies in the EMU countries
Periodico: Università degli Studi di Roma "La Sapienza" - Dipartimento di metodi e modelli per l'economia il territorio e la finanza. Working papers
Anno: 2011 - Fascicolo: 82 - Pagina iniziale: 1 - Pagina finale: 18

In this paper we investigate the roots, nature and consequences of the exit strategies that have been implemented or are likely to be implemented in the EMU countries after the financial and economic crisis. We show that there is a deflationary bias in the current institutional architecture of the EMU that will be exacerbated by the way governments are going to fix it, i.e. by means of premature and particularly stiff exit strategies. This will have a non-negligible extra-contractionary effect on European economy




Testo completo: http://www.memotef.uniroma1.it/newdip/ricerca/wpapers/documenti/FullTextWP82.pdf

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