The European Union and National Macroeconomic Policy

The European Union and National Macroeconomic Policy PDF Author: James Forder
Publisher: Psychology Press
ISBN: 9780415141970
Category : European Union countries
Languages : en
Pages : 228

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Book Description
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.

The European Union and National Macroeconomic Policy

The European Union and National Macroeconomic Policy PDF Author: James Forder
Publisher: Psychology Press
ISBN: 9780415141970
Category : European Union countries
Languages : en
Pages : 228

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Book Description
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.

Macroeconomic Policy in the European Monetary Union

Macroeconomic Policy in the European Monetary Union PDF Author: Francesco Farina
Publisher: Routledge
ISBN: 1134109385
Category : Business & Economics
Languages : en
Pages : 238

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Book Description
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.

Regional Aspects of Monetary Policy in Europe

Regional Aspects of Monetary Policy in Europe PDF Author: Jürgen von Hagen
Publisher: Springer Science & Business Media
ISBN: 1475763905
Category : Business & Economics
Languages : en
Pages : 331

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Book Description
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.

The Economics of the Euro Area

The Economics of the Euro Area PDF Author: Peter A. G. van Bergeijk
Publisher: Edward Elgar Publishing
ISBN:
Category : Europe
Languages : en
Pages : 304

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Book Description
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.

Economic and Monetary Union Macroeconomic Policies

Economic and Monetary Union Macroeconomic Policies PDF Author: P. Arestis
Publisher: Springer
ISBN: 1137317892
Category : Business & Economics
Languages : en
Pages : 367

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Book Description
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.

Economic Policy in a Monetary Union

Economic Policy in a Monetary Union PDF Author: Michael Carlberg
Publisher: Springer Science & Business Media
ISBN: 3642572901
Category : Business & Economics
Languages : en
Pages : 316

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Book Description
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.

Macroeconomic Policy Coordination in Europe

Macroeconomic Policy Coordination in Europe PDF Author: Ray Barrell
Publisher: SAGE Publications Limited
ISBN: 9780803987647
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
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

International Economic Policy Coordination

International Economic Policy Coordination PDF Author: Michael Carlberg
Publisher: Springer Science & Business Media
ISBN: 9783540244455
Category : Business & Economics
Languages : en
Pages : 336

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Book Description
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.

Macroeconomics of Monetary Union

Macroeconomics of Monetary Union PDF Author: Michael Carlberg
Publisher: Springer Science & Business Media
ISBN: 3540736336
Category : Business & Economics
Languages : en
Pages : 285

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Book Description
This is what we’ve all been waiting for – a book that demystifies the European community’s monetary union. Unlike other books, this one provides readers with a practical yet sophisticated grasp of the macroeconomic principles necessary to understand a monetary union. The most important case in point is the Euro area, where policy targets are price stability and full employment. To illustrate all of this there are numerical simulations of monetary policy, fiscal policy, and wage policy.

Aspects of European Monetary Integration

Aspects of European Monetary Integration PDF Author: A. Watson
Publisher: Springer
ISBN: 023037431X
Category : Political Science
Languages : en
Pages : 237

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Book Description
This book provides a thorough knowledge of the nature of the convergence criteria which states must meet in order to qualify for accession to the future Economic and Monetary Union of Europe and comprehensive coverage of both the economic and political rationale of the criteria within the framework of an international political economy approach. Thus, throughout the course of the analysis, three questions in particular are addressed: first, what is the relationship between the economics and politics of the convergence criteria; second, how do domestic and international factors impact upon their future realisation; and third what, overall, is the role of the state. This book gives valuable insights into the Economic and Monetary Union debate.