Challenges for Economic Policy Coordination within European Monetary Union

  • Andrew Hughes Hallett
  • Peter Mooslechner
  • Martin Schuerz

Table of contents

About this book

Introduction

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.

Keywords

Euro European Union (EU) Institution Integration Non-governmental organizations (NGOs) Policy economic policy fiscal policy monetary policy

Editors and affiliations

  • Andrew Hughes Hallett
    • 1
  • Peter Mooslechner
    • 2
  • Martin Schuerz
    • 2
  1. 1.University of StrathclydeUK
  2. 2.Oesterreichische NationalbankAustria

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4757-4738-6
  • Copyright Information Springer-Verlag US 2001
  • Publisher Name Springer, Boston, MA
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4419-4889-2
  • Online ISBN 978-1-4757-4738-6
  • About this book