EMU and Economic Policy in Europe

Contents:

Foreword by Commissioner Pedro Solbes

PART I: OVERVIEW
1. EMU in the Early Years: Differences and Credibility
Marco Buti and Andre Sapir

PART II: MONETARY POLICY
2. Monetary Policy in the Early Years of EMU
Jordi Gali

3. The ECB's Monetary Policy Strategy: Responding to the Challenges of the Early Years of EMU
Vitor Gaspar, Klaus Masuch and Huw Pill

4. Monetary Policy Transmission in EMU
Massimo Suardi

PART III: FISCAL POLICY
5. Fiscal Policy and EMU: Challenges of the Early Years
Antonio Fatas and Ilian Mihov

6. Fiscal Policy in the Early Years of EMU
Anne Brunila and Carlos Martinez-Mongay

PART IV: POLICY COORDINATION
7. The Functioning of Economic Policy Coordination
Juergen von Hagen and Susanne Mundschenk

8. Economic Policy Coordination in EMU: Accomplishments and Challenges
Servaas Deroose and Sven Langedijk

9. The EMU's Economic Policy Principles: Words and Facts
Jean Pisani-Ferry

PART V: LABOUR MARKETS
10. EMU Labour Markets Two Years On: Microeconomic Tensions and Institutional Evolution
Giuseppe Bertola and Tito Boeri

11. Wage Discipline in EMU. A Feature of the Early Years. Only?
Karl Pichelmann

PART VI: FINANCIAL MARKETS AND THE INTERNATIONAL FINANCIAL SYSTEM
12. EMU and Financial Market Structure
Harry Huizinga

13. The Euro and the International Financial System
Richard Portes

14. The Euro and the International Monetary System
Johan Baras, Reinhard Felke and Daniel Daco

PART VII: THE FUTURE OF EMU
15. EMU and Enlargement
Barry Eichengreen and Fabio Ghironi

16. EMU - The First 10 Years: Challenges to the Sustainability and Price Stability of the Euro Area - What Does History Tell Us?
Lars Jonung

References

Index

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• Instituições dos Estados Unidos e de Europa
• Economia internacional
• Economia monetária
• Finanças