Economic and monetary union macroeconomic policies : current practices and alternatives / Philip Arestis, University of Cambridge, Malcolm Sawyer, University of Leeds.

Format:

Book

Author/Creator:

Arestis, Philip, 1941-

Contributor:

Sawyer, Malcolm C.

Language:

English

Subjects (All):

Economic and Monetary Union.

Fiscal policy--European Union countries.

Fiscal policy.

European Union countries.

Monetary policy--European Union countries.

Monetary policy.

European Union countries--Economic integration.

Physical Description:

vii, 236 pages ; 23 cm

Place of Publication:

Houndmills, Basingstoke, Hampshire : Palgrave Macmillan, 2013.

Summary:

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. It exposes the shortcomings and design faults of the EMU project on fiscal and monetary policies under the Stability and Growth Pact (SGP) and now the 'fiscal compact'. It critically examines the labour market agenda of the EMU and argues for avoidance of the neo-liberal employment policies being advocated. It proposes an alternative policy agenda for a sustainable currency union, and asks whether a currency union can be sustained without de facto political union. Book jacket.

Contents:

List of figures

List of tables

Introduction

The launch of the euro and economic performance

The economic and monetary union model : theoretical underpinnings of macroeconomic policy

Monetary policy in the Economic and Monetary Union

Fiscal policy in the Economic and Monetary Union

Employment strategies

Macroeconomic policies for full employment and low inflation

The future of the euro

Economic convergence and/or political integration

Bibliography.

Notes:

Includes bibliographical references and index.

ISBN:

9780230232228

0230232221

OCLC:

852224745