Browsing Working Papers by Author "Hallett, Andrew Hughes"

Now showing items 1-7 of 7

    • Fiscal Discipline before and after EMU Permanent Weight Loss or Crash Diet? 
      Hallett, Andrew Hughes; Lewis, John (Vanderbilt University, 2005)
      This paper studies the evolution of European fiscal policies and the attempts at budgetary consolidation through three periods: the pre-Maastricht phase (to 1991); the run up to monetary union (1992-97), and finally the ...
    • Government Leadership and Central Bank Design 
      Hallett, Andrew Hughes; Weymark, Diana N. (Vanderbilt University, 2002)
      This article investigates the impact on economic performance of the timing of moves in a policy game between the government and the central bank for a government with both distributional and stabilization objectives. It ...
    • Independence Before Conservatism: Transparency, Politics, and Central Bank Design 
      Hallett, Andrew Hughes; Weymark, Diana N. (Vanderbilt University, 2002)
      The problem of monetary policy delegation is formulated as a two-stage game between the government and the central bank. In the first stage the government chooses the institutional design of the central bank. Monetary and ...
    • Independent Monetary Policies and Social Equality 
      Hallett, Andrew Hughes; Weymark, Diana N. (Vanderbilt University, 2003)
      The problem of monetary policy delegation is formulated as a two-stage game between the government and the central bank. In the first stage the government chooses the institutional design of the central bank. Monetary and ...
    • Policy Games and the Optimal Design of Central Banks 
      Hallett, Andrew Hughes; Weymark, Diana N. (Vanderbilt University, 2002)
      This article studies the impact of alternative institutional configurations on economic performance when there is strategic interaction between the government and the central bank. The interaction between the fiscal and ...
    • Political Devolution without Fiscal Devolution 
      Hallett, Andrew Hughes (Vanderbilt University, 2005)
      Using a conventional model, this paper examines the conditions under which it is possible to stabilise both the output (inflation) cycle and the budget deficit/surplus of a regional economy in a wider currency union. We ...
    • The Cost of Heterogeneity in a Monetary Union 
      Hallett, Andrew Hughes; Weymark, Diana N. (Vanderbilt University, 2001)
      In this paper, we explore whether heterogeneity among union members could threaten the stability of the EMU. The types of heterogeneity we consider are (1) asymmetries in the transmission of monetary and fiscal policies, ...