Growth and Cohesion in the European Union: The Impact of Macroeconomic PolicyWilliam Mitchell, J. Muysken, Tom van Veen Edward Elgar Publishing, 01.01.2006 - 250 Seiten This book is a critical review of current fiscal and monetary policy in Europe and presents results of both empirical research and a discussion of the theoretical framework behind the policy of the ECB and the Stability and Growth Pact. |
Inhalt
An Answer to the Wrong Question | 3 |
2 Whither Stability Pact? An Assessment of Reform Proposals | 32 |
3 Alternatives for the Policy Framework of the Euro | 57 |
4 What Drives ECB Monetary Policy? | 74 |
5 Interest Rates Debt CounterCyclical Policy and Monetary Sovereignty | 98 |
Labour Markets and Labour Market Policies | 107 |
Examining the Benefits | 109 |
A Panel Data Analysis | 130 |
Comparing the AngloSaxon Model and a EuropeanStyle Alternative | 157 |
Social Protection as Investment Policy | 180 |
10 Labour Market Adjustments and Macroeconomic Performance | 206 |
| 239 | |
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active labour market aggregate demand analysis Arestis argued average Baccaro benefit duration Brussels-Frankfurt Consensus budget capital cent changes coefficient costs debt Economic Policy employment protection estimates Euro Area Europe European countries European Union exchange rate expenditures Figure finance fiscal policy fixed effects France full employment FWLS Germany golden rule Growth Pact impact income inequality increase inflation investment Italy job destruction labour market institutions labour market performance labour market policies Maastricht macroeconomic macroeconomic policy measure monetary policy Muysken NAIRU negative Netherlands Nickell Nordic number of hours OECD OECD countries output gap period Pierrard positive poverty rates productivity random effects ratio real interest rate reduce reforms role sector significant skilled Sneessens social policy social protection system social security Stability and Growth strategy structural deficit Sweden Table target tax wedge Taylor rule unemployed unemployment rate Union United Kingdom variables workers