Browsing by Author "Kehoe, Patrick J."

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  • Chari, V. V.; Dovis, Alessandro; Kehoe, Patrick J. (2017-09)
    We offer a theoretically based narrative that attempts to account both for the formation of the European Monetary Union and the callenges it has faced. Lack of commitment to policy plays a central role in this narrative.
  • Kehoe, Patrick J.; Pastorino, Elena (Universitat Pompeu Fabra, 2015-11)
    Before the advent of sophisticated international financial markets, the widely accepted belief was that within a monetary union, a union-wide authority orchestrating fiscal transfers between countries is necessary to provide ...
  • Chari, V. V.; Dovis, Alessandro; Kehoe, Patrick J. (2016-02)
    The traditional Mundellian criterion, which implicitly assumes commitment to monetary policy, is that countries with similar shocks should form unions. Without such commitment a new criterion emerges: countries with ...