Monetary and fiscal policies in EMU

interactions and coordination

Europe#s Economic and Monetary Union (EMU) is unlike any other case of monetary unification in history. Here, sovereign countries retain a large degree of fiscal autonomy while monetary policy is centralised and entrusted to an independent central bank - the European Central Bank - with a ...

The behaviour of fiscal authorities

stabilisation, growth and institutions

Description: The behaviour of fiscal authorities and its interplay with budgetary institutions is a recent and increasingly important area of economic research, heightened by the move to single currency in Europe. This volume provides a systematic analysis of issues including the determinants of fiscal retrenchment ...

EMU and economic policy in Europe

the challenge of the early years