Title:

Monetary and Fiscal Policies in the Transition to EMU: an Overview of the Spanish Experience

Group publication title:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

Creator:

Bajo-Rubio, Oscar ; Díaz-Roldán, Carmen

Description:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2009; Nr 59, s. 22-29

Abstrakt:

One of the main achievements of the EU is the Economic and Monetary Union (EMU). This consists of the adoption of a single currency, the euro, which also implies a common monetary policy for all participating countries. Spain is one of the participating members of EMU since its start. Before the formation of EMU, and particularly after joining the EMS, Spanish monetary policy had followed a Taylor-type rule with a high coefficient on the inflation target. This behavior led to a significant fall in the inflation rate, which allowed Spain to be able to join EMU from its start. In contrast, after joining EMU and increase in both inflation rates and the differential with the euro zone can be observed. (fragment tekstu)

Publisher:

Publishing House of the Wrocław University of Economics

Place of publication:

Wroclaw

Date:

2009

Resource Type:

artykuł

Language:

eng

Relation:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2009; Nr 59 ; Global Challenges and Policies of the European Union – Consequences for the “New Member States”

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Coverage:

Dofinansowano z programu "Społeczna odpowiedzialność nauki" Ministra Edukacji i Nauki (SONB/SP/546390/2022). Tytuł projektu: Upowszechnienie zawartości czasopisma Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu