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The future of the euro : is there an alternative to the stability and growth pact?

Arestis, Philip (contributor); MacCauley, Kevin (contributor) - 2001

This brief provides a detailed description of the Stability and Growth Pact, an agreement entered into by the member states of the European Union that has far-reaching implications for the long-run value of the euro, and therefore, on the real economy in terms of output growth and employment....

Persistent link: https://www.econbiz.de/10003353724

Monetary policy preferences of the European Monetary Union and the UK

Arestis, Philip; Karoglou, Michail; Muratidēs, Kōstas - 2011

Persistent link: https://www.econbiz.de/10009381276

The price puzzle : fact or artefact?

Arestis, Philip; Karoglou, Michail; Muratidēs, Kōstas - 2013

Persistent link: https://www.econbiz.de/10009767990

Flexible rules cum constrained discretion: a new consensus in monetary policy

Arestis, Philip; Mihailov, Alexander - 2007

Persistent link: https://www.econbiz.de/10009749596

Will the euro bring economic crisis to Europe?

Arestis, Philip (contributor); … - 2001

within most of the European Union (EU). This paper explores how the economies of the EU may suffer from the introduction of …

Persistent link: https://www.econbiz.de/10003205695

Asymmetries as Sources of Conflict In A Monetary Union

Pelagidis, Theodore - 2012

We proceed as follows. Section 7.2 deals with the conflicts arising from the persisting asymmetry of demand shocks, possible unfavourable effects on trade and welfare, lack of national and supranational fiscal stabilizers, low mobility and flexibility of labour and shortage of money stocks for...

Persistent link: https://www.econbiz.de/10013107782

The Economic and Monetary Union : Current and Future Prospects

Arestis, Philip; Sawyer, Malcolm C. - 2000

The euro was adopted as legal tender, albeit in a virtual form, by 11 countries of the European Union on January 1, 1999, with the intention that notes and coins denominated in euros would be introduced and the national currencies would be phased out during the first six months of that year and...

Persistent link: https://www.econbiz.de/10014177152

An Alternative Stability Pact for the European Union

Arestis, Philip; McCauley, Kevin; Sawyer, Malcolm C. - 2000

This paper proposes an alternative stability and growth pact among European Union (EU) governments that would underpin … the introduction of a single currency and a "single market" within the EU. The alternative pact embraces a number of new … aspects of integration within the EU that are based on a different monetary analysis (different from that of "new monetarism …

Persistent link: https://www.econbiz.de/10014162532

Will the Euro Bring Economic Crisis to Europe?

Arestis, Philip; Sawyer, Malcolm C. - 2001

It has been argued that the eurozone will face considerable economic difficulties. These will take a number of forms, two of which could qualify as "crises." First, the euro was launched at a time when unemployment levels were high (10 percent of the workforce) and disparities in the experience...

Persistent link: https://www.econbiz.de/10014133945

Macroeconomic Policies of the Economic and Monetary Union : Theoretical Underpinnings and Challenges

Arestis, Philip; Sawyer, Malcolm C. - 2003

This paper presents two issues: First, an effort to decipher the type of economic analysis and macroeconomic policies of the Economic and Monetary Union (EMU) theoretical and policy framework, which we suggest are essentially of the "new consensus" variety; Second, an argument that the...

Persistent link: https://www.econbiz.de/10014075655