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Following the birth of the European Monetary Union (EMU) economists are still divided in their assessment of the ability of its key institutions to provide macroeconomic stability and foster the reforms necessary to stimulate economic growth. In this collection, experts focus on issues of fiscal policy, monetary policy and labour markets and ask: Can the stability and growth pact provide an adequate framework for the conduct of national fiscal policies? Is the ECB reacting with competence and flexibility to a rapidly changing macroeconomic environment? How do national labour markets react to the macroeconomic institutions and what are the structural reforms needed in labour markets? Blending empirical and theoretical data, this book offers one of the most comprehensive surveys of research in macroeconomic policymaking within the EMU.

Monetary policy --- Fiscal policy --- Monetary unions --- AA / International- internationaal --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 334.151.20 --- 334.151.21 --- 334.151.50 --- -Fiscal policy --- -Monetary unions --- -339.5094 --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Money --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Monetary management --- Currency boards --- Money supply --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden. --- Europese centrale bank. ESCB. Centrale banken. --- Sociaal beleid : algemeenheden. --- Government policy --- Business, Economy and Management --- Economics --- 339.5094 --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Europese centrale bank. ESCB. Centrale banken --- Sociaal beleid : algemeenheden --- Monetary policy - European Union countries --- Fiscal policy - European Union countries --- Monetary unions - European Union countries --- Politique monétaire --- Politique fiscale --- Unions monétaires