US-France Cooperative Research: Optimal Design and Equilibrium Outcomes

0340587库珀这三年美国的主要目标-法国经济学合作研究项目是研究各种形式的货币联盟。美国调查员Russell W.波士顿大学和国家经济研究局的库珀，以及法国研究者、巴黎第一大学（索邦大学）的休伯特·肯普夫，成功地在货币联盟的成本和收益问题上进行了合作。 该项目深入探讨了与货币联盟中的财政限制和划分为国家货币区有关的新问题。他们将进行均衡分析并评估最佳分配。 将讨论贸易对共同货币的影响以及货币联盟与金融危机之间的相互作用。拟议的研究涉及一些现有的政策问题。在欧洲货币联盟的背景下，与货币联盟设计相关的许多问题仍然悬而未决。特别是，目前正在讨论财政限制和接纳标准。 他们的工作还涉及厄瓜多尔正在进行的关于采用美元作为货币的讨论和阿根廷关于这一问题的辩论，国家科学基金会和国家科学研究中心共同支持这一项目。 NSF将支付美国研究人员访问法国的费用。 法国国家科学研究中心为法国调查员前往美国提供支持。

0340587CooperThe primary objective of this three-year U.S.-France cooperative research project in economics is to study various forms of monetary union. The U.S. investigator, Russell W. Cooper of Boston University and the National Bureau of Economic Research, and the French investigator, Hubert Kempf of the Universite de Paris I (Sorbonne), have successfully worked together on issues related to costs and benefits of monetary union. This project addresses in depth new questions related to fiscal constraints in monetary union and partition into national currency areas. They will perform equilibrium analysis and evaluate optimal allocations. The effects of trade on a common currency and interaction between monetary union and financial crises will be addressed.The proposed research relates to a number of existing policy issues. Many issues associated with the design of a monetary union remain open in the context of the European Monetary Union. In particular, there is ongoing discussion over fiscal constraints and criteria for admission. Their work also relates to ongoing discussions of the adoption of the dollar as currency by Ecuador and the debate over this issue in Argentina.The National Science Foundation (NSF) and the Centre National de la Recherche Scientifique (CNRS) jointly support this project. NSF will cover the cost of visits to France by the U.S. investigator. The CNRS provides support to the French investigator for travel to the United States.