The deflationary bias of exit strategies in the EMU countries

Acocella, Nicola (2011) The deflationary bias of exit strategies in the EMU countries. Working Paper. Università degli Studi di Roma "La Sapienza" , Rome. (Unpublished)

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In this paper we investigate the roots, nature and consequences of the exit strategies that have already been implemented or are likely to be implemented in the EMU countries after the financial and economic crisis. We show that there is a deflationary bias in the current institutional architecture of the EMU that will be exacerbated by the way governments are going to fix it, i.e. by means of premature and particularly stiff exit strategies. This will have a non-negligible extra-contractionary effect on European economy.

Item Type: Monograph (Working Paper)
Subjects: 300 Scienze sociali > 330 Economia
Depositing User: Prof. Nicola Acocella
Date Deposited: 04 May 2011 08:42
Last Modified: 04 May 2011 08:42

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