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Macro-economic implications of 1992

Author: Wyplosz, Charles INSEAD Area: Economics and Political Science In: European banking in the 1990s - Dermine, Jean - 1990 - INSEAD Book Language: EnglishDescription: p. 405-430.Type of document: INSEAD ChapterNote: Please ask the Library for this chapter.Abstract: The structural gains expected from 1992, if as significant as expected,will affect the European macroeconomy in more than one way. First, during a transition period,,some adverse effects may be front loaded: this concerns unemployment, regional inequities, heightened overall uncertainty. Second, over the longer run, more intense interactions will appear in the operation of both monetary and fiscal policies. These effects are surveyed and a number of policy proposals are offered
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The structural gains expected from 1992, if as significant as expected,will affect the European macroeconomy in more than one way. First, during a transition period,,some adverse effects may be front loaded: this concerns unemployment, regional inequities, heightened overall uncertainty. Second, over the longer run, more intense interactions will appear in the operation of both monetary and fiscal policies. These effects are surveyed and a number of policy proposals are offered

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