Skip navigation
Skip navigation

Policy Evaluation for the European Monetary Union Using a Global Macroeconomic Model

Haber, Gottfried; Neck, Reinhard; McKibbin, Warwick


The European Monetary Union policy was evaluated using a global macroeconomic model. Results show that the optimal design of monetary and fiscal policies in Europe cannot be derived easily. The optimization experiments in this analysis have shown that the ranking of different institutional setups for European policy making in terms of total welfare is not stable with respect to different types of shocks and different geographical magnitudes of these shocks.

CollectionsANU Research Publications
Date published: 2001
Type: Journal article
Source: Nonlinear Analysis
DOI: 10.1016/S0362-546X(01)00288-7


File Description SizeFormat Image
01_Haber_Policy_Evaluation_for_the_2001.pdf698.16 kBAdobe PDF    Request a copy

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator