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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...
Persistent link: https://www.econbiz.de/10014162532
It is often asserted that, whatever role Keynesian policies may have played in underpinning the long post-war boom, those policies are no longer relevant. In contrast this paper seeks to reassert the need for Keynesian policies in order to secure full employment. In doing so, as will be seen...
Persistent link: https://www.econbiz.de/10014075817
the central role of aggregate demand in the EMU and at concerns about unemployment. It next examines the prospects of the … and as a means to alleviate the serious unemployment problem, the authors recommend that the European Central Bank be …
Persistent link: https://www.econbiz.de/10014177152
Within the framework of macroeconomic policy and theory over the past twenty years or so, a major shift has occurred regarding the relative importance given of monetary policy versus fiscal policy. The former has gained considerably in stature, while the latter is rarely mentioned. Further,...
Persistent link: https://www.econbiz.de/10014088851