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Challenges for Economic Policy Coordination within European Monetary Union

  • Book
  • © 2001

Overview

Editors:
  1. Andrew Hughes Hallett

    1. University of Strathclyde, UK

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  2. Peter Mooslechner

    1. Oesterreichische Nationalbank, Austria

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  3. Martin Schuerz

    1. Oesterreichische Nationalbank, Austria

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Table of contents (13 chapters)

  1. Front Matter

    Pages i-ix
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  2. The Coordination of National Stabilization Policies: Evolution of National Policies and International Institutions

    • Ralph C. Bryant
    Pages 1-25

  3. International Monetary Policy Coordination

    • Torsten Persson, Guido Tabellini
    Pages 27-43

  4. Policy Making in an Integrated World: From Surveillance to … ?

    • Barry Eichengreen
    Pages 45-63

  5. International Macroeconomic Policy Coordination: Any Lessons for EMU?

    • Peter Mooslechner, Martin Schuerz
    Pages 65-90

  6. The Euro and Internal Economic Policy Coordination

    • Alexander Italianer
    Pages 91-104

  7. Can the ECB be Truly Independent? Should It Be?

    • Maria Demertzis, Andrew Hughes Hallett, Nicola Viegi
    Pages 105-125

  8. The Stability and Growth Pact: A Delicate Balance or an Albatross?

    • Matthew B. Canzoneri, Behzad T. Diba
    Pages 127-142

  9. Economic Policy Coordination in the EMU: Implications for the Stability and Growth Pact

    • Fritz Breuss, Andrea Weber
    Pages 143-167

  10. The Stability Pact and the Interdependence of Monetary and Fiscal Policy Rules

    • Andrew Hughes Hallett, Peter McAdam
    Pages 169-182

  11. Unemployment, Wage Developments and the Economic Policy Mix in Europe

    • Stefan Collignon
    Pages 183-192

  12. Perspectives for Future Economic Policy Coordination within EMU

    • Kurt Bayer
    Pages 193-200

  13. Challenges for International Economic Policy Coordination in EMU

    • Martine Durand
    Pages 201-205

  14. Co-ordinating Stability: Some Remarks on the Roles of Monetary and Fiscal Policy under EMU

    • Bernhard Winkler
    Pages 207-214

  15. Back Matter

    Pages 215-220
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Keywords

About this book

The launch of European Monetary Union (EMU) marked the beginning of a new era, and its establishment has proved an impressive success at the technical, legal, and procedural level. After all, EMU has accelerated economic and political integration in the European Union and tied the economies of the Member States closer together. However, the performance of the euro, high unemployment rates, uneven output and investment growth, and the issue of structural reforms that have yet to be tackled have raised questions about the performance of EMU in practice.
There is a general consensus on the justification for economic policy coordination. The existing literature on economic policy coordination, however, seems far from able to provide robust conclusions about how to organize the necessary interaction of institutions and policies. Therefore, there seems to be a case for re-examining the subject under the new framework set by EMU.
The objective of such a reassessment is to enhance the understanding of what type of coordination and what institutional setting for policy coordination can be expected to be most favorable. Challenges for Economic Policy Coordination within European Monetary Union provides an intellectually stimulating contribution to the ongoing debate.

Editors and Affiliations

  • University of Strathclyde, UK

    Andrew Hughes Hallett

  • Oesterreichische Nationalbank, Austria

    Peter Mooslechner, Martin Schuerz

Bibliographic Information

  • Book Title: Challenges for Economic Policy Coordination within European Monetary Union

  • Editors: Andrew Hughes Hallett, Peter Mooslechner, Martin Schuerz

  • DOI: https://doi.org/10.1007/978-1-4757-4738-6

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media Dordrecht 2001

  • Hardcover ISBN: 978-0-7923-7327-8Published: 31 July 2001

  • Softcover ISBN: 978-1-4419-4889-2Published: 03 December 2010

  • eBook ISBN: 978-1-4757-4738-6Published: 29 June 2013

  • Edition Number: 1

  • Number of Pages: X, 220

  • Topics: Economic Policy, Political Science, Public Economics

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