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The European Monetary Union, the Fiscal Policy Restraints and Labor Market Reforms
http://hdl.handle.net/10112/12106
http://hdl.handle.net/10112/1210648685214-8402-435f-8e4c-822e0a1f754e
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
KU-1100RB-20060300-03.pdf (1.4 MB)
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2018-02-08 | |||||
| タイトル | ||||||
| タイトル | The European Monetary Union, the Fiscal Policy Restraints and Labor Market Reforms | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
| 資源タイプ | departmental bulletin paper | |||||
| 著者 |
Takaya, Sadayoshi
× Takaya, Sadayoshi |
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| 著者別名 | ||||||
| 識別子Scheme | WEKO | |||||
| 識別子 | 17284 | |||||
| 姓名 | 高屋, 定美 | |||||
| 概要 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | This paper analyzes "The Stability and Growth Pact" for countries joining the Economic Monetary Union (EMU) in Europe. In the EMU, the member states face a credibility problem in terms of fiscal policy, to induce inflation. The Fiscal Theory of Price Determination suggests that government deficit and excessive debt cause actual and expected high inflation, and that fiscal restraint, such as The Stability and Growth Pact, is needed to sustain low inflation. However, most Western European countries in EMU face severe unemployment problems, which are caused by labor market institutions and others. The short run unemployment problems there depend on the aggregate demand induced by fiscal policy. This is inconsistent with the rule of fiscal constraint in the EMU. This paper investigates the effect of fiscal restraint on inflation and unemployment under the EMU, where monetary policy is conducted by the European Central Bank, and fiscal policy is determined by each government. The Stability and Growth Pact is effective for keeping inflation low, but may give rise to unemployment in member states. | |||||
| 書誌情報 |
Kansai University review of business and commerce 巻 8, p. 55-78, 発行日 2006-03 |
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| ISSN | ||||||
| 収録物識別子タイプ | ISSN | |||||
| 収録物識別子 | 13448455 | |||||
| 書誌レコードID | ||||||
| 収録物識別子タイプ | NCID | |||||
| 収録物識別子 | AA11662421 | |||||
| 著者版フラグ | ||||||
| 出版タイプ | VoR | |||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
| 出版者 | ||||||
| 出版者 | Faculty of Commerce, Kansai University | |||||
| 出版者（他言語） | ||||||
| 値 | 関西大学商学部 | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | 関西大学 | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Kansai University | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | European Monetary Union | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Monetary and Fiscal policy | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Labor Market Reform | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | The Growth and Stability Pact | |||||
| シリーズ | ||||||
| 関連名称 | JEL classification; F33, F42 | |||||
