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Better off without the euro? Evaluating monetary policy and macroeconomic performance for the u.k. and sweden

Revista de Ciencias Económicas

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Title Better off without the euro? Evaluating monetary policy and macroeconomic performance for the u.k. and sweden
Mejor sin el euro? Evaluación del desempeño macroeconómico y la política monetaria en el Reino Unido y Suecia
 
Creator Krause Montalbert, Stefan
 
Subject EURO AREA
MONETARY POLICY
INFLATION AND OUTPUT VOLATILITY
EUROZONA
POLÍTICA MONETARIA
VOLATILIDAD DE LA INFLACIÓN Y DEL PRODUCTO
 
Description I compare macroeconomic performance, measured by the volatility of real GDP and inflation, for two of the countries that opted not to enter the EMU: the United Kingdom and Sweden. In particular, I am interested in finding out how much of the macroeconomic performance changes experienced by the U.K. and Sweden after 1999 is due to increased efficiency in the conduct of independent monetary policy. Eventually, the objective is to analyze whether or not further changes in macroeconomic volatility could have been attained if these two countries would have instead adopted the Euro starting January 1999.
En este artículo comparo los resultados macroeconómicos, medidos por la volatilidad del PIB real y la inflación, para dos de los países que optaron por no entrar en la UEM: el Reino Unido y Suecia. En particular, estoy interesado en saber cuánto de los cambios en el desempeño macroeconómicos experimentados por el Reino Unido y Suecia después de 1999 se debe al aumento de la eficiencia en la conducción de la política monetaria independiente. El objetivo es analizar los cambios en la volatilidad macroeconómica que se podrían haber alcanzado si estos dos países hubieran adoptado el Euro a partir de enero de 1999.
 
Publisher Universidad de Costa Rica
 
Date 2016-12-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier http://revistas.ucr.ac.cr/index.php/economicas/article/view/27330
10.15517/rce.v34i2.27330
 
Source Revista de Ciencias Económicas; Ciencias Económicas: Volumen 34, Número 2; 133-151
Revista de Ciencias Económicas; Ciencias Económicas: Volumen 34, Número 2; 133-151
2215-3489
0252-9521
 
Language eng
 
Relation http://revistas.ucr.ac.cr/index.php/economicas/article/view/27330/28124
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