European University Institute Library

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

eng

Includes bibliographical references and index

illustrations

index present

non fiction

Economic and monetary union macroeconomic policies

bibliography

852224745

Philip Arestis, University of Cambridge, Malcolm Sawyer, University of Leeds

current practices and alternatives

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 --, Provided by Publisher

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