Resource title

EMU enlargement, policy uncertainty and economic reforms

Resource image

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Resource description

The paper analyzes the relation between monetary uncertainty and government incentives to implement economic reforms that reduce structural distortions and make economies more flexible. It is shown that uncertainty about the central bank s reaction function leads to more reforms. I relate this result to the debate about central bank setup in a larger monetary union.

Resource author

Carsten Hefeker

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25812

Resource license

Adapt according to the presented license agreement and reference the original author.