This paper reviews current discussions on reforming the European Union (EU) budgetary procedure and assesses the main reform proposals that have been suggested thus far. It argues that prospects for reforms are presently hampered by the complex interplay between supranational and...

We analyse the first twenty years of the euro both from an economic and an institutional perspective. We find that in particular during the period since the financial crisis, convergence as measured by a variety of indicators has not improved. Design flaws in the Eurozone institutional...

European Union; Economic and Monetary Union; EMU; Economic Policy; Stabilisation Policy; Monetary Policy; Fiscal Policy; Wage Setting. - The dissertation shows that the start of EMU has resulted in institutional changes in the areas of fiscal policy-making and wage-setting in the Member States...