A monetary policy framework based on targeting a relative inflation-forecast is proposed for the economies converging to the euro. Such strategy aims at containing the differentials between the domestic and the implicit monetary union inflation-forecasts. Hence, these differentials become a...

The success of European monetary integration-what the editors of this CESifo volume call "one of the most far-reaching, real world experiments in monetary policy to date"-is not assured. Policy makers have been forced to deal with challenges posed by formulating a uniform monetary policy for...

Ein in gefälligem Stil, fast essayistisch verfasstes Werk eines britischen Publizisten und Ex-Bankers, der offensichtlich ein guter Kenner der deutschen Politik ist. Mit leichter Hand werden die Geschichte der europäischen Wirtschaftspolitik, des Euros und der divergierenden Interessen der am...