Monetary and Fiscal Policy in an Integrated Europe

1. Front Matter

   Pages i-vii

   PDF

2. The Political Economy of European Integration: Introduction

   • Barry Eichengreen, Jeffry Frieden, Jürgen von Hagen

   Pages 1-11

3. Central Bank Independence and the Short-Run Output-Inflation Trade-off in the European Community

   • Carl E. Walsh

   Pages 12-37

4. The Sectoral Composition of Trade Unions, Corporatism, and Economic Performance

   • Geoffrey Garrett, Christopher Way

   Pages 38-61

5. The Logic of Currency Crises

   • Maurice Obstfeld

   Pages 62-90

6. Macroeconomic and Political Determinants of Realignment Expectations: Some European Evidence

   • Andrew K. Rose, Lars E. O. Svensson

   Pages 91-117

7. Political Biases in Fiscal Policy: Reconsidering the Case for the Maastricht Fiscal Criteria

   • Giancarlo Corsetti, Nouriel Roubini

   Pages 118-137

8. Fiscal Convergence Criteria, Factor Mobility, and Credibility in Transition to Monetary Union in Europe

   • Michael M. Hutchison, Kenneth M. Kletzer

   Pages 138-165

9. Wage Differentials: A Comparison of the European Union and the United States

   • Christopher L. Erickson

   Pages 166-181

10. Economic Integration and Unemployment in the EFTA Countries

    • Karl Ove Moene, Michael Wallerstein

    Pages 182-201

11. European Integration and the Regionalization of World Trade and Currencies: The Economics and the Politics

    • Jeffrey A. Frankel, Shang-Jin Wei

    Pages 202-232

12. Back Matter

    Pages 233-242

    PDF

In this volume, a group of distinguished economists and political scientists analyzes the political economy of European integration. The authors evaluate recent developments of the European Monetary and Fiscal Policy. They consider the current situation, and assess prospects for the future of an Integrated Europe. This book will be of great interest to observers, scholars, and students of European economic and political affairs, macroeconomic policy, institutional analysis, and comparative and international political economy. The book is unique in combining perspectives from economics and political science and provides an in-depth analysis of the new European institutions. It is published in conjunction with "Politics and Institutions in an Integrated Europe" by the same editors.

• Europa
• Europe
• European Community
• European Union (EU)
• European integration
• Europäische Integration
• Fiscal Policy
• Geldpolitik
• International Political Economy
• Monetary Poliy
• economic integration
• monetary union
• regionalization

• Department of Economics, University of California at Berkeley, Berkeley, USA

  Barry Eichengreen

• University of California at Los Angeles, Los Angeles, USA

  Jeffry Frieden

• University of Mannheim, Mannheim, Germany

  Jürgen Hagen

Policies and ethics