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Author: Nicola Acocella
Publisher: Cambridge University Press
Published: 2020-08-27
Total Pages: 489
ISBN-13: 1108840876
DOWNLOAD EBOOK →Analyzes the roots of Europe's economic decline, examining institutions of the European Union and exploring possibilities for reform.
Author: James Forder
Publisher: Psychology Press
Published: 1998
Total Pages: 218
ISBN-13: 0415141966
DOWNLOAD EBOOK →The European Union and National Macroeconomic Policy examines the way in which the European Union has affected autonomy in the macro-economic policy making of the member states.
Author: Francesco Farina
Publisher: Routledge
Published: 2007-11-08
Total Pages: 238
ISBN-13: 1134109385
DOWNLOAD EBOOK →Providing readers with a multi-faceted assessment of the implementation of fiscal policies in the euro zone and their macroeconomic effects five years after the inception of the euro, this book, international in perspective and scope, is the first reliable reference source for discussions in this area for both academics and policy makers. Comprising contributions from distinguished researchers from different European countries and institutions the issues addressed include the: monetary and fiscal policy-mix evolution and control of fiscal aggregates over the business cycle and their implications for the SGP rules accountability of debt evolution financial spill-over of national fiscal policies measurement and assessment of automatic stabilizers. Based on empirical evidence as well as being firmly rooted in theoretical analyses and giving particular emphasis to the constraint of the Stability and Growth Pact on the one hand and the presence of a single monetary policy on the other, this book is an invaluable tool students and researchers engaged with macroeconomic stabilization and monetary and fiscal policy interactions, as well as professionals in the public sector and the financial institutions of the EU.
Author: Jürgen von Hagen
Publisher: Springer Science & Business Media
Published: 2013-04-17
Total Pages: 331
ISBN-13: 1475763905
DOWNLOAD EBOOK →Monetary union has dawned in Europe. Now that the common currency is a reality, questions concerning the practical conduct of monetary policy in the European Monetary Union (EMU) are moving to the forefront of the policy debate. Among these, one of the most critical is how the new monetary union will cope with the large heterogeneity of its member economies. Given the large differences in economic and financial structures among the EMU member states, monetary policy is likely to affect different member economies in different ways. Regional Aspects of Monetary Policy in Europe collects the proceedings of an international conference held at the Center for European Integration Studies of the University of Bonn, dedicated to this issue. The contributions to this conference fall into two parts. The first part consists of empirical and theoretical studies of the regional effects of monetary policy in heterogeneous monetary unions. The second part consists of papers analyzing the political economy of monetary policy in a monetary union of heterogeneous regions or member states. The papers all support the conclusion that regional differences in the responses to a common monetary policy will make European monetary policy especially difficult in the years to come. Such differences arise from a variety of sources, and they cannot be expected to be mere teething troubles that will disappear after a while. Even if they were ignored in the run-up to the EMU, Europe's central bankers and economic policy makers will have to learn how to cope with such differences in the future.
Author: P. Arestis
Publisher: Springer
Published: 2013-11-27
Total Pages: 367
ISBN-13: 1137317892
DOWNLOAD EBOOK →This book focuses on the construction of the economic policies of the Economic and Monetary Union (EMU) and its institutions. It reviews the faltering economic performance of the EMU countries before and after the onset of the financial crisis.
Author: Peter A. G. van Bergeijk
Publisher: Edward Elgar Publishing
Published: 2000
Total Pages: 304
ISBN-13:
DOWNLOAD EBOOK →This is an examination of the monetary integration of the group of countries which constitute the Economic and Monetary Union (EMU), signalling the emergence of a truly European Economy. It analyzes the macroeconomic policies within the EMU and the thinking that underlies their conduct.
Author: Michael Carlberg
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 316
ISBN-13: 3642572901
DOWNLOAD EBOOK →This book explores the scope and limits of macroeconomic policy in a monetary union. The focus is on pure policies, policy mixes, and policy coordination. The leading protagonists are the union central bank, national governments, and national trade unions. Special emphasis is put on wage shocks and wage restraint. This book develops a series of basic, intermediate, and advanced models. The monetary union is an open economy with high capital mobility. The exchange rate between the monetary union and the rest of the world is floating. The world interest rate can be exogenous or endogenous. The union countries may differ in money demand, consumption, imports, openness, or size. A striking feature is the numerical estimation of policy multipliers. A lot of diagrams serve to illustrate the subject in hand.
Author: Andrew J. Hughes Hallett
Publisher: Springer Science & Business Media
Published: 2013-06-29
Total Pages: 222
ISBN-13: 1475747381
DOWNLOAD EBOOK →The launch of European Monetary Union (EMU) marked the beginning of a new era, and its establishment has proved an impressive success at the technical, legal, and procedural level. After all, EMU has accelerated economic and political integration in the European Union and tied the economies of the Member States closer together. However, the performance of the euro, high unemployment rates, uneven output and investment growth, and the issue of structural reforms that have yet to be tackled have raised questions about the performance of EMU in practice. There is a general consensus on the justification for economic policy coordination. The existing literature on economic policy coordination, however, seems far from able to provide robust conclusions about how to organize the necessary interaction of institutions and policies. Therefore, there seems to be a case for re-examining the subject under the new framework set by EMU. The objective of such a reassessment is to enhance the understanding of what type of coordination and what institutional setting for policy coordination can be expected to be most favorable. Challenges for Economic Policy Coordination within European Monetary Union provides an intellectually stimulating contribution to the ongoing debate.
Author: Michael Carlberg
Publisher: Springer Science & Business Media
Published: 2005-03-04
Total Pages: 336
ISBN-13: 9783540244455
DOWNLOAD EBOOK →This book studies the international coordination of monetary and fiscal policies in the world economy. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on monetary and fiscal competition between Europe and America. Similarly, as to policy cooperation, the focus is on monetary and fiscal cooperation between Europe and America. The spillover effects of monetary policy are negative while the spillover effects of fiscal policy are positive. The policy targets are price stability and full employment. The policy makers follow either cold-turkey or gradualist strategies. Policy expectations are adaptive or rational. The world economy consists of two, three or more regions. The present book is part of a larger research project on European Monetary Union, see the references at the back of the book. Some parts of this project were presented at the World Congress of the International Economic Association in Lisbon. Other parts were presented at the International Institute of Public Finance, at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association, at the Gottingen Workshop on International Economics, at the Halle Workshop on Monetary Economics, at the Research Seminar on Macroeconomics in Freiburg, and at the Passau Workshop on International Economics.
Author: Ray Barrell
Publisher: SAGE Publications Limited
Published: 1993-02-08
Total Pages: 304
ISBN-13: 9780803987647
DOWNLOAD EBOOK →Despite the progression towards the formation of European Monetary Union (EMU) there still exists considerable disagreement between economists about the relative merits of the current European Monetary System (EMS), EMU and a return to independent policy under floating exchange rates. This book is designed to contribute to this debate on monetary union in Europe by using large scale macroeconomic models of the world economy, including the OECD interlink model and the widely used NiGEM model, to evaluate the EMU, the EMS and the floating exchange rate policies. Various modelling groups address the issues facing Europe and the implications for policy analysis. The objective of the book is to show that the path to monetary uni
