In this volume, a group of distinguished economists and political scientists analyzes the political economy of European integration. The authors evaluate recent developments of the European Monetary and Fiscal Policy. They consider the current situation, and assess prospects for the future of an...

The large and persistent deficits observed in many countries and the reform efforts undertaken to strengthen fiscal discipline have been the focus of an active and ongoing research program in political economy. This book draws together contributions from two competing approaches seeking to...