Is Europe Doomed to Stagnation? An Analysis of the Current Crisis and Recommendations for Reforming Macroeconomic Policymaking in Euroland

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Is Europe Doomed to Stagnation? An Analysis of the Current Crisis and Recommendations for Reforming Macroeconomic Policymaking in Euroland by : Jörg Bibow

Download or read book Is Europe Doomed to Stagnation? An Analysis of the Current Crisis and Recommendations for Reforming Macroeconomic Policymaking in Euroland written by Jörg Bibow and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper challenges the view that external shocks caused Euroland's 2001 slowdown and subsequent stagnation. Instead, the design of Euroland's macro policymaking arrangements is found lacking in looking after sufficient domestic demand growth. In the event the ECB has failed on its stabilization role - a rather vital role given that fiscal policy is severely constrained by the Stability and Growth Pact. As a result, Europe is in a precarious situation of stagnation today, and under the current regime there is even a risk of self-reinforcing destabilization. Hence, reforming the regime is urgent. A nominal GDP target to be pursued by fiscal and monetary policies in cooperation would provide Europe with the growth anchor that is currently missing.

After the Crisis

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Publisher : Oxford University Press
ISBN 13 : 0191069841
Total Pages : 210 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis After the Crisis by : Francesco Caselli

Download or read book After the Crisis written by Francesco Caselli and published by Oxford University Press. This book was released on 2016-06-30 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the Crisis reassesses the twin projects of structural reform and European integration in the wake of the Great Recession and the European Sovereign Debt Crisis. The introduction compares the pre-crises debate to the current situation, and highlights a number of ways in which both reform and further integration may have become more difficult. Chapter 1 surveys the state of the structural-reform agenda, its successes, failures, and priorities for further action. The second chapter focuses on the fiscal-policy response to the crisis and advocates a greater balance between supply-side reforms and demand-side management. The third chapter focuses on the asymmetric shocks across economies in the monetary union, and discusses institutional mechanisms to reduce their frequency and impact. Chapter 4 examines the cyclical behavior of output and financial indicators, as well as the counter-cyclical role of macro-financial policies, both at the national and the European level. The fifth chapter studies changes in Europeans' attitudes, showing how the recent crises have eroded public confidence in European institutions. The sixth chapter tackles the demographic challenges facing Europe, and particularly the way that demographic change may impact the reform agenda. Chapter 7 highlights the under-appreciated extent to which 'Europe', taken as a whole, is characterized by a substantial amount of inequality and geographical income clustering, and the challenge this poses for further integration.

Walking the Highwire

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Publisher : Springer Nature
ISBN 13 : 3030345920
Total Pages : 379 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Walking the Highwire by : Olli Rehn

Download or read book Walking the Highwire written by Olli Rehn and published by Springer Nature. This book was released on 2020-02-23 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: Walking the Highwire tells the story of the Eurozone Crisis from the perspective of the former Vice-President of the European Commission who was responsible for Economic and Monetary Affairs in 2010-2014. It is a comprehensive European account that covers both events and decisions in Brussels and Frankfurt and in the member states, both in distressed countries and creditor states. It also provides an economic-political analysis of the crisis and its management, recognising that the Euro was created politically, and saved politically. Thoroughly researched and based on economic analysis of the time, reports on various meetings and the author's own speaking notes and diary, this book begins with a narrative of crisis management 2009-2012, before moving on to address the beginning of the recovery from 2013-2014. It concludes with the lessons learnt from the crisis and a programme for reform of the Eurozone in the 2020s, with contemporary policy relevance. This is an entertaining and engaging account which will be of interest to a wide audience: scholars and students, practitioners and commentators of the Eurozone.

From Reform to Growth

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Publisher : Eburon Uitgeverij B.V.
ISBN 13 : 9059727517
Total Pages : 546 pages
Book Rating : 4.0/5 (597 download)

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Book Synopsis From Reform to Growth by : Vít Novotný

Download or read book From Reform to Growth written by Vít Novotný and published by Eburon Uitgeverij B.V.. This book was released on 2013 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economic crisis that began in 2007 has posed huge challenges for European citizens and governments. The crisis has shown that the financial sector has not been adequately regulated and supervised, that governments and individuals have overspent, and that European economies are suffering from structural problems. This book, a collaboration between the Centre for European Studies and its member foundations, assesses government responses to the crisis at the national, EU and regional levels, and also offers policy recommendations. Governments should work with one another and with EU institutions to improve bank supervision and regulatory mechanisms. They should undertake fiscal consolidation measures, bearing in mind that government deficits and debt incur costs that burden future generations. Finally, they should undertake structural reforms such as creating flexible labour markets, increasing the retirement age and shaping efficient public institutions.

Euroland and the World Economy

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Publisher : Springer
ISBN 13 : 0230377556
Total Pages : 318 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Euroland and the World Economy by : Jörg Bibow

Download or read book Euroland and the World Economy written by Jörg Bibow and published by Springer. This book was released on 2007-10-23 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes a broad perspective to challenge orthodox views about the role of Euroland in the world economy, providing a comprehensive framework to address important questions for the future of the Euro, including the key question: will the single currency contribute to world economic dynamism or be driven by the vigour and vitality of others?

Political and Economic Dynamics of the Eurozone Crisis

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Publisher : Oxford University Press
ISBN 13 : 0191072389
Total Pages : 277 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Political and Economic Dynamics of the Eurozone Crisis by : James A. Caporaso

Download or read book Political and Economic Dynamics of the Eurozone Crisis written by James A. Caporaso and published by Oxford University Press. This book was released on 2016-02-25 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to provide a full and dispassionate account of the politics and economics of the Eurozone crisis, focusing on the interlinked origins and impacts of the Euro-Zone crisis and the policy responses to it. The book is distinguished from existing research by its avoidance (and rejection) of the too-often simplistic analysis that has characterized political, media and regrettably some academic coverage, and by its attempt to escape from the tyranny of day-to-day events and short-term developments. Each of the contributors identifies an important question and undertakes a careful empirical, theoretically-informed analysis that produces novel perspectives. Together they seek to balance many of the existing accounts that have rushed to sometimes unwarranted conclusions, concerning, for example, the locus of institutional power in European crisis-management; the power and centrality of particular member states, notably Germany which has been attributed with 'hegemonic' status; the supposed entrapment of EU policy makers by an 'austerity ideology'; and the deep flaws that apparently afflict the solutions to the crisis put painstakingly in place, such as Banking Union. While it will be some time before the EU can put the crisis behind it, and the dust finally settles on the revised institutional system that emerges, The Political and Economic Dynamics of the Eurozone Crisis marks an important step towards a considered, reflective analysis of the tumultuous events and developments of the crisis period.

The Reform of Europe

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Publisher : Verso Books
ISBN 13 : 1786632543
Total Pages : 289 pages
Book Rating : 4.7/5 (866 download)

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Book Synopsis The Reform of Europe by : Michel Aglietta

Download or read book The Reform of Europe written by Michel Aglietta and published by Verso Books. This book was released on 2019-01-29 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: A powerful and progressive programme for the Eurozone Since 2010, the eurozone crisis has roiled the continent, creating political discord and generating a long period of economic stagnation. The cyclical recovery enjoyed in 2017 is no cause for complacency. It should act as an impetus to undertake long-overdue reforms. At present, there is no future for those incapable of investing. There is no stimulus for innovation in countries that have been converted to the hegemony of finance at the expense of productive investment. Europe must confront the challenges of the twenty-first century by recovering the community spirit behind the Union’s origins. The Reform of Europe demonstrates the need for a long-term vision with two goals: the reconstruction of a social contract based on entrepreneurial partnership and investment in the transition to ecological sustainability. This political vision will restore to citizens of the member states a sense of belonging to a wider community. To this end, argues Michel Aglietta, one of today’s most important heterodox economists, we must strengthen European institutions at the financial and fiscal levels. This means making the euro a full currency, endowed with democratic legitimacy.

The Euro Crisis

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Publisher : Springer
ISBN 13 : 0230393543
Total Pages : 246 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis The Euro Crisis by : P. Arestis

Download or read book The Euro Crisis written by P. Arestis and published by Springer. This book was released on 2012-04-05 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed and informed analysis of the current crisis facing the eurozone, examining the root causes and exploring the possible outcomes and uncertain future of the European Union and its currency. Chapters include case studies of Portugal, Ireland, Spain and Greece, as well as broader comparative perspectives.

The Political Economy of the Eurozone

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Publisher : Cambridge University Press
ISBN 13 : 110818037X
Total Pages : 590 pages
Book Rating : 4.1/5 (81 download)

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Book Synopsis The Political Economy of the Eurozone by : Ivano Cardinale

Download or read book The Political Economy of the Eurozone written by Ivano Cardinale and published by Cambridge University Press. This book was released on 2017-10-12 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Eurozone is not a mere currency area. It is also a unique polity whose actors span multiple levels (supranational, national, regional, sectoral) and pursue overlapping economic and political objectives. Current thinking on the Eurozone relies on received categories that struggle to capture these constitutive features. This book addresses this analytical deficit by proposing a new approach to the political economy of the Eurozone, which captures economic and political interdependencies across different levels of decision making and sheds light on largely unexplored problems. The book explores the opportunities afforded by the structure of the Eurozone, and lays the foundations of a political economy that poses new questions and requires new answers. It provides categories that are firmly grounded in the existing configuration of the Eurozone, but are a precondition for overcoming the status quo in analysis and policy.

The New Economy and Macroeconomic Stability

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Publisher : Routledge
ISBN 13 : 1134302789
Total Pages : 320 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis The New Economy and Macroeconomic Stability by : Dario Togati

Download or read book The New Economy and Macroeconomic Stability written by Dario Togati and published by Routledge. This book was released on 2013-03-07 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past decade has seen many leading economies, especially the US, undergo profound structural transformations. Departing from the standard theories employed to explain this phenomenon, here author Togati provides the first broad analysis of the New Economy. In this book, the first to look at the new economy from a post-Keynesian / post-modern perspective, he focuses on its macroeconomic implications, presenting a more balanced view than that provided by orthodox neoclassical analysis, and studying the interaction of key variables such as: * information technology * globalization * the increasing significance of intangibles and financial markets. This ground-breaking book utilizes a ‘neo-modern’ perspective drawing on complexity theory to advance the study of the stability and dynamic behaviour of economic systems. Togati utilizes the Calvino labels to identify new empirical evidence, and examines the implications for global stability based on New Classical Macroeconomics and Keynsian theory. The analysis developed in this book has important practical and policy implications for the New Economy, making this book essential reading for students, academics and practitioners in this field.

Economic Crisis and Structural Reforms in Southern Europe

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Publisher : Routledge
ISBN 13 : 9780367667306
Total Pages : 248 pages
Book Rating : 4.6/5 (673 download)

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Book Synopsis Economic Crisis and Structural Reforms in Southern Europe by : Paolo Manasse

Download or read book Economic Crisis and Structural Reforms in Southern Europe written by Paolo Manasse and published by Routledge. This book was released on 2020-09-30 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years the countries of southern Europe have undergone, with varying intensity, a serious and prolonged economic crisis. Most have had to implement comprehensive economic adjustment programmes, including a wide range of structural reforms. Economic Crisis and Structural Reforms in Southern Europe examines these reforms, drawing policy lessons from their successes and failures. This book employs two basic strands of analysis: issues of policy design, and political economy considerations. It considers the choice of timing and sequencing of reforms, the choice of the appropriate policy instruments, the pressure of interest groups and the political calculations involved in reforms. Featuring chapters in which contributors explore both national cases of specific structural reforms, and a comparative approach in order to evaluate similar reforms across countries, this important and topical work explores ongoing issues within the economy. Focusing on the challenges of designing and implementing structural reforms under conditions of crisis, this book will be of interest to policy makers and researchers from national and international organizations as well as academics and members of research institutes interested in the economics and politics of the Eurozone crisis.

Economic and Monetary Union Macroeconomic Policies

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Publisher : Springer
ISBN 13 : 1137317892
Total Pages : 367 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis Economic and Monetary Union Macroeconomic Policies by : P. Arestis

Download or read book Economic and Monetary Union Macroeconomic Policies written by P. Arestis and published by Springer. This book was released on 2013-11-27 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the construction of the economic policies of the Economic and Monetary Union (EMU) and its institutions. It reviews the faltering economic performance of the EMU countries before and after the onset of the financial crisis.

Re-examining Monetary and Fiscal Policy for the 21st Century

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Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Re-examining Monetary and Fiscal Policy for the 21st Century by : Philip Arestis

Download or read book Re-examining Monetary and Fiscal Policy for the 21st Century written by Philip Arestis and published by Edward Elgar Publishing. This book was released on 2004 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a much-needed re-examination of monetary and fiscal policies, their application in the real world and their potential for macroeconomic policy in the 21st century. It provides a detailed discussion and critique of the 'new consensus' in macroeconomics along with the monetary and fiscal policies encapsulated within it. The authors argue that monetary policy is an ineffective means of controlling inflation and, if not used properly, can also have detrimental effects on the supply-side of the economy. They further contend that fiscal policy remains a potent instrument for influencing aggregate demand. Using detailed analysis the authors emphasise the role of capacity constraints as possible inflation barriers and argue against the NAIRU as a labour market phenomenon. The book concludes by critically examining the economic policies of the European Economic and Monetary Union. Written by two of the leading scholars in the field, this provocative new volume is concise, well argued and rich in new insights. It will interest all those concerned with the current problems and future development of monetary and fiscal policy.

Neo-liberal Economic Policy

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781845423322
Total Pages : 264 pages
Book Rating : 4.4/5 (233 download)

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Book Synopsis Neo-liberal Economic Policy by : Philip Arestis

Download or read book Neo-liberal Economic Policy written by Philip Arestis and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . this is a very good book. It is carefully argued and well presented, incorporating a wealth of information. Andrew Mearman, Economic Issues Over the past two decades there has been a prevailing shift in economic policy in many countries. This reflects the continuing rise of neo-liberalism the doctrine that economic policy should leave it to the market and that governments should retreat from market intervention. This book provides a balanced and comprehensive appraisal of these important policy developments. The authors examine the most notable trends in neo-liberal economic policy such as the withdrawal from the use of fiscal measures and the reliance on monetary policy. They discuss the neo-liberal view that the causes of unemployment lie in the operation of the labour market, in particular its inflexibility. They also assess the increasing inclination towards the liberalisation and deregulation of markets, most notably financial markets. In light of these developments, the authors investigate several specific areas including: an assessment of the theory of credibility financial fragility and the development process a reappraisal of the Rehn Meidner Model for Sweden the economic policy of the Spanish socialist governments the costs of neomonetarism in Brazil macroeconomic policies of the EMU. The contributors expertly illustrate the ways in which neo-liberal policies have been applied and implemented. They also seek to show the shortcomings of the neo-liberal approach and illustrate the different policy models available. As such, this volume will interest and inform academics, economists and policymakers looking for a detailed critique of recent developments in economic policy.

Is International Growth the Way Out of U.S. Current Account Deficits?

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Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Is International Growth the Way Out of U.S. Current Account Deficits? by : Anwar M. Shaikh

Download or read book Is International Growth the Way Out of U.S. Current Account Deficits? written by Anwar M. Shaikh and published by . This book was released on 2003 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pushing Germany Off the Cliff Edge

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Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Pushing Germany Off the Cliff Edge by : Jörg Bibow

Download or read book Pushing Germany Off the Cliff Edge written by Jörg Bibow and published by . This book was released on 2003 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Joan Robinson's Economics

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Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 428 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Joan Robinson's Economics by : Bill Gibson

Download or read book Joan Robinson's Economics written by Bill Gibson and published by Edward Elgar Publishing. This book was released on 2005 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: On the 100th anniversary of the birth of one of the 20th century's most accomplished and controversial economists, scholars from around the world reflect on the legacy of Joan Robinson's work. Addressing Robinsonian themes in growth, money, trade and methodology, their essays provide fresh perspectives on old questions. Joan Robinson's first priority was not theoretical perfection or abstract rigor. The arcane debates of the profession had little practical relevance and became increasingly tedious to her. Ironically, much of current economic theory embraces the realism she was striving toward. Indeed, as the essays in this volume show, she was in many ways ahead of her time. The volume begins by tracing the intellectual contours of her work and discussing the people and events that shaped her thinking. The succeeding chapters address her theories on accumulation, capital, and equilibrium, her interpretation of Marx, as well as the influence of Piero Sraffa. Several chapters analyze and extend her theory of growth, illustrating the wide applicability of her approach. A compelling exploration of Joan Robinson's contributions, this volume will be of great interest to scholars interested in growth, income distribution, post-Keynesian economics, macroeconomics, history of thought, money, capital theory, international trade and finance.