This book provides a comprehensive analysis of national fiscal policies in the European Union and in the European Monetary Union. Adopting a critical perspective, the book offers a deep insight into the consequences of the current strategy of national fiscal policies on economic activity

Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...

The least-developed countries, international trade and the European Union. What about "Everything But Arms"? / Gerrit Faber and Jan Orbie -- The development of EBA/ Jan Orbie -- EBA, EU trade policy and the ACP / Maurizio Carbone -- Bureaucratic competition in EU trade policy / Adrian Van Den...

Introduction / Stephan Pfaffenzeller -- The resource curse, commodity prices and economic growth / David I. Harvey, Neil Kellard, Jakob B. Madsen and Mark E. Wohar -- Which terms of trade : recent developments in relative commodity prices / Stephan Pfaffenzeller -- A diversification path for...