142 research outputs found

    Enter late, exit early

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    Employment ; Labor supply

    U.S. production abroad

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    Production (Economic theory) ; Productivity

    Growth and the current account deficit

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    Balance of trade ; Budget deficits

    Finally falling: unemployment duration

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    Unemployment ; Labor market

    The role of the euro as an international currency

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    The creation of the euro will link an economy that is nearly as large and as open as the United States. Does this imply that the euro will rival the role of the dollar as an international currency? This paper addresses this question through an examination of the determinants of the use of an international currency. It examines both the prospects of the euro becoming an international currency and the implications for the European Union and the United States.European currency unit ; European Monetary System (Organization)

    A look inside two central banks: the European Central Bank and the Federal Reserve

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    In 1998 the European Central Bank (ECB) became the world’s 173rd central bank. The Eurosystem, with its structure of national central banks and the ECB, is similar to the Federal Reserve System, with its District Banks and Board of Governors. However, important differences exist in the way the two systems operate. This article compares the organization and tasks of the two central banks by examining differences in their monetary policy frameworks, specifically focusing on the goals, tools, and policymaking process. In addition it examines the independence, accountability, and transparency of these central banks.European Central Bank ; Federal Reserve System ; Monetary policy

    Import prices and the exchange rate

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    Imports - Prices ; Foreign exchange rates

    GROOOWWWTH!

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    Economic conditions

    Central bank independence and economic performance

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    Banks and banking, Central ; Federal Reserve System - Independence
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