U.S.-France Cooperative Research: Monetary Union - An Investigation of Costs and Benefits

9815877合作这个为期两年的奖项旨在支持美法经济合作研究，获奖者包括国家经济研究局的拉塞尔·W·库珀和巴黎第一大学(索邦)的休伯特·肯普夫。他们将研究货币联盟的成本和收益，以及货币联盟的最优结构，包括成员国的数量和特点。他们对货币联盟经济收益的初步研究将作为这一项目成本和收益的模型。这位美国研究员为这一合作带来了宏观经济研究方面的丰富经验。法国调查员的理论投入和他对法国和欧洲联盟的机构知识补充了这一点。随着我们进入全球经济的新时代，这一合作将增进我们对采用共同货币所涉及的权衡以及货币联盟的适当运作的理解。

9815877CooperThis two-year award in support of U.S.-France collaborative research in economics involves Russell W. Cooper of the National Bureau of Economic Research and Hubert Kempf of the Universite de Paris 1 (Sorbonne). They will investigate the costs and benefits of monetary union and the optimal structure of a monetary union in terms of the number of members and their characteristics. Their preliminary research on the economic gains of monetary union will serve as a model for this project on costs and benefits. The US investigator brings to this collaboration extensive experience in macro- economic research. This is complemented by theoretical input from the French investigator and his institutional knowledge of France and the European Union. The collaboration will advance our understanding of the trade-offs involved in adopting a common currency and the proper operation of a monetary union as we enter this new age of global economies.