Exact(2)
Monetary stabilisation has obviously not worked as one would have hoped since interest rates fell to near zero in 2008.
In western Europe it is more common to have fiscal (and monetary) stabilisation without reforms to improve flexibility, as in Germany and, fitfully, Italy.
Similar(57)
Two final factors include how soon the eurozone economy bottoms out (there have been some recent signs of stabilisation, but the monetary union's chronic problems remain unresolved), and whether Middle East tensions and the threat of nuclear proliferation in the region – and responses to that threat by the US and Israel – escalate or are successfully contained.
So we clearly need a new system, even if the goals remain the same as that of the original Bretton Woods: to ensure currency stabilisation through international monetary cooperation; to encourage the expansion of international trade in a stable way; and to promote development by facilitating productive investment.
The basic theory of why fiscal policy has an important stabilisation role in a monetary union focuses on domestic demand management: since monetary policy cannot be tailored to national economies, fiscal policy needs to keep aggregate demand on track, in both directions.Mr Koo's argument extends to other consequences of monetary union.
In the case of polymeric stabilisers, the typical stabilisation mechanism is based on steric stabilisation.
Merkel said: France and Germany together want, by May, to put forward proposals – in preparation for the June European Council – for the stabilisation and deepending of the economic and monetary union.
Monetary and fiscal institutions have played a decisive role in the stabilisation of the Brazilian economy since the mid-1990s.
The traditional concentration on the stabilisation of the price-level as the main objective of monetary policy has given place to a concern with the economic health of the community, as measured by the national income and symbolised by the state of employment.
They reportedly asked Michel Camdessus, the managing director of the International Monetary Fund, to prepare a proposal for setting up a region-wide currency stabilisation fund.That is not all.
Stabilisation after 2011 collapse.
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