Economic and Monetary Union Macroeconomic Policies: Current Practices and Alternatives

Hardcover | November 27, 2013

byPhilip Arestis, Malcolm Sawyer

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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.

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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 poli...

Philip Arestis is Director of Research at the Cambridge Centre for Economics and Public Policy, Department of Land Economy, University of Cambridge, UK, and Professor of Economics at the Department of Applied Economics , University of the Basque Country, Spain. He is also Distinguished Adjunct Professor of Economics, University of Uta...

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Format:HardcoverDimensions:248 pages, 11.15 × 5.67 × 0.55 inPublished:November 27, 2013Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230232221

ISBN - 13:9780230232228

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Table of Contents

1. Introduction
2. The Launch of the Euro and Economic Performance
3. The Economic and Monetary Union Model: Theoretical Underpinnings of Macroeconomic Policy
4. Monetary Policy in the Economic and Monetary Union
5. Fiscal Policy in the Economic and Monetary Union
6. Employment Strategies
7. Macroeconomic Policies for Full Employment and Low Inflation
8. The Future of the Euro
9: Economic Convergence and/or Political Integration