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How to deal with economic divergences in EMU ?

dc.contributor.authorSterdyniak, Henri
dc.contributor.authorMathieu, Catherine
dc.date.accessioned2011-01-20T13:41:37Z
dc.date.available2011-01-20T13:41:37Z
dc.date.issued2008
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/5515
dc.language.isoenen
dc.subjectEuropean Economyen
dc.subjectPolicy-mixen
dc.subjectEuropean social modelen
dc.subject.ddc339en
dc.subject.classificationjelE61en
dc.titleHow to deal with economic divergences in EMU ?en
dc.typeChapitre d'ouvrage
dc.description.abstractenSince the launch of the euro, persistent and even rising disparities among Member States have made it difficult to implement short-term or structural common economic policies. The article gives an overview of euro area disparities in terms of growth and inflation and imbalances, mainly unemployment and current accounts. Four explanations are considered : the benefits of the single currency for catching-up countries, the weaknesses of the euro area economic policy framework; the implementation of non-cooperative domestic policies which have induced excessive competition and insufficient coordination and hurt mainly the larger economies; the crisis of the European Continental model in a global world. Four strategies are discussed : increasing market flexibility; moving towards the knowledge society of the Lisbon Agenda; re-nationalising economic policies; introducing a more growth-oriented policy framework.en
dc.identifier.citationpages157-183
dc.relation.ispartoftitleFiscal Policy in the European Union
dc.relation.ispartofeditorFerreiro, Jesus
dc.relation.ispartofeditorSerrano, Felipe
dc.relation.ispartofeditorFontana, Giuseppe
dc.relation.ispartofpublnamePalgrave Macmillan
dc.relation.ispartofdate2008
dc.relation.ispartofpages240
dc.description.sponsorshipprivateouien
dc.subject.ddclabelMacroéconomieen
dc.relation.ispartofisbn9780230203990


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