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Monetary policy, fiscal policies, and labour markets : macroeconomic policymaking in the EMU
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ISBN: 0521823080 052104183X 0511185510 0511184689 0511327005 0511492383 1280458275 0511187327 0511186398 1107146119 9780511184680 9780511187322 9780511186394 9780521823081 9780511185519 9786610458271 6610458278 9780511492389 9781280458279 9780521041836 Year: 2004 Publisher: Cambridge : Cambridge University Press,

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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.


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