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...

In the United Kingdom the emergence of a "New Labour" has been closely associated with the development of the notion of the "third way." Tony Blair, for example, stated that "New Labour is neither old left nor new right. . . . Instead we offer a new way ahead, that leads from the centre but is...

This paper proposes an alternative stability and growth pact to the one which accompanied the introduction of the euro in January 1999. The latter is part of the third stage of economic and monetary union and, will govern the economic policies of the member countries which have joined the single...