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Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)
Download or read book The Nine Lives of the Stability Pact written by and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Daniel Gros
Publisher : CEPS
ISBN 13 : 9789290794721
Total Pages : 60 pages
Book Rating : 4.7/5 (947 download)
Download or read book The nine lives of the stability pact written by Daniel Gros and published by CEPS. This book was released on 2004 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This special report by the CEPS Macroeconomic Policy Group (MPG) is concerned with the implementation of the prohibition of excessive deficits contained in the Treaty of Maastricht via the Stability and Growth Pact. Specifically, it deals with the controversy that was provoked by the failure of the ECOFIN Council of 25 November 2003, to endorse recommendations of the European Commission to put France and Germany on notice that they had violated the Treatys prohibition of excessive deficits"--CEPS website.
Author : CEPS Macroeconomic Policy Group
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (143 download)
Download or read book The Nine Lives of the Stability Pact written by CEPS Macroeconomic Policy Group and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Daniel Gros
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (975 download)
Download or read book The Nine Lives of the Stability Pact. A Special Report of the CEPS Macroeconomic Policy Group. CEPS Paperback. February 2004 written by Daniel Gros and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This special report by the CEPS Macroeconomic Policy Group (MPG) is concerned with the implementation of the prohibition of excessive deficits contained in the Treaty of Maastricht via the Stability and Growth Pact. Specifically, it deals with the controversy that was provoked by the failure of the ECOFIN Council of 25 November 2003, to endorse recommendations of the European Commission to put France and Germany on notice that they had violated the Treaty's prohibition of excessive deficits. The CEPS MPG finds that the core of the dispute arises not so much from the Stability Pact, but from the 3% limit set in the Treaty. It asserts that this clause should not be altered, as argued by many observers, and that it is even more appropriate now, than when it was first agreed in 1991, because of the slowdown of potential growth in Europe. The CEPS MPG is composed of distinguished economists who have undertaken to carry out independent, in-depth research on current developments in the European economy.
Author : CEPS Macroeconomic Policy Group
Publisher : CEPS
ISBN 13 : 9789290795032
Total Pages : 100 pages
Book Rating : 4.7/5 (95 download)
Download or read book Breaking the Reform Deadlock written by CEPS Macroeconomic Policy Group and published by CEPS. This book was released on 2004 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Christian Egenhofer
Publisher : CEPS
ISBN 13 : 9290795344
Total Pages : 73 pages
Book Rating : 4.2/5 (97 download)
Download or read book Rethinking the EU Regulatory Strategy for the Internal Energy Market written by Christian Egenhofer and published by CEPS. This book was released on 2004 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: A key message of this report is that full and effective implementation of proposed legislation will be necessary to ensure a true internal market for energy in the EU, but this alone will not be sufficient. In parallel, more attention must be paid to other, less-prominent fields. The report singles out i) the introduction of incentive-based network regulation and ii) the careful design of principal elements of the wholesale market, i.e. trade of electricity and gas for resale ("wholesale market design and rules"). Moreover, the internal market needs to be buttressed with the consistent application of competition rules across member states to avoid the creation of national champions. The report also argues that a functioning electricity and gas market depends on market-compatible solutions to security of supply and environmental issues and a rethinking of "executive agencies", whose use to date is inhibited by the Meroni doctrine.
Author : Daniel Gros
Publisher : CEPS
ISBN 13 : 9290796219
Total Pages : 94 pages
Book Rating : 4.2/5 (97 download)
Download or read book A World Out of Balance? written by Daniel Gros and published by CEPS. This book was released on 2006 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, the global economy has been on a dynamic path that is clearly unsustainable, with ever-increasing current account deficits in the United States, financed by surpluses in emerging market economies. In its latest report, the authoritative CEPS Macroeconomic Policy Group explores the link between the U.S. deficits and the global savings-investment equilibrium. They find that the U.S. deficit is likely to be even larger than officially reported and that policymakers do not seem willing to undertake the necessary policy adjustments to reduce it. Nevertheless, a reduction in the global supply of savings may force an increase in global interest rates and thus a slowdown in U.S. domestic demand--thus initiating a gradual reduction in deficits. The authors argue that a key responsibility of U.S. policymakers is to allow this process to happen, thereby avoiding the risk of a disruptive adjustment later.
Author : Bo Kjellén
Publisher : CEPS
ISBN 13 : 9290795662
Total Pages : 61 pages
Book Rating : 4.2/5 (97 download)
Download or read book Towards a Global Climate Regime: Priority Areas for a Coherent EU Strategy written by Bo Kjellén and published by CEPS. This book was released on 2005 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : François Heisbourg
Publisher : CEPS
ISBN 13 : 9789290794684
Total Pages : 236 pages
Book Rating : 4.7/5 (946 download)
Download or read book Readings in European Security written by François Heisbourg and published by CEPS. This book was released on 2004 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ansgar Belke
Publisher : CEPS
ISBN 13 : 9290795336
Total Pages : 29 pages
Book Rating : 4.2/5 (97 download)
Download or read book The Allocation of Power in the Enlarged ECB Governing Council written by Ansgar Belke and published by CEPS. This book was released on 2004 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analyses the allocation of power in the Governing Council of the European Central Bank (ECB) as it enlarges to accommodate new members of the economic and monetary union. For this purpose, classical power indices that have their origin in solutions of cooperative games are applied. First, an assessment is made of the effects of enlargement on the voting power of different subgroups of the Governing Council that arise in the wake of the continuous accession process. Second, a systematic comparison is carried out of the status quo role ('one member, one vote') with respect to the voting power of the ECB Executive Board and to the representativeness of European monetary policy, along with the potential for its re-nationalisation.
Author : Marek Dabrowski
Publisher : Springer Science & Business Media
ISBN 13 : 0387257667
Total Pages : 239 pages
Book Rating : 4.3/5 (872 download)
Download or read book The Eastern Enlargement of the Eurozone written by Marek Dabrowski and published by Springer Science & Business Media. This book was released on 2006-07-01 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Eastern Enlargement of the EU will not be complete until the new member states join the EMU. Economic and political economy arguments point to fast EMU accession of new member states. Failure to do so will create a two speed Europe, a fundamental change in the economic and political architecture of the EU, adding to the strains already evident between core and peripheral countries. Current high level of trade and business cycle integration of new member states with the Eurozone, decreases the probability of asymmetric shocks. Lower transaction costs, elimination of exchange rate risk and the danger of currency crises, further trade and investment creation, lower interest rates and large fiscal gains, should outweigh the loss of the exchange rate as adjustment tool. The Eastern Enlargement of the Eurozone provides comprehensive economic analysis of theoretical, empirical and political issues that will determine whether EMU enlargement is a success, which has implications for all common currency systems.
Author : Daniel Gros
Publisher : CEPS
ISBN 13 : 9290795697
Total Pages : 81 pages
Book Rating : 4.2/5 (97 download)
Download or read book EMU at Risk written by Daniel Gros and published by CEPS. This book was released on 2005 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This is the seventh annual report issued by the CEPS Macroeconomic Policy Group since it was reconstituted at the start of economic and monetary union in 1999. This distinguished group of economists argues that a combination of slow growth, inadequate policy responses and newly emerging intra-area divergences are putting EMU at risk. Against this background, the MPG recommends that the ECB should downgrade its short-term concern about cyclical economic developments and pursue a monetary policy aimed at preserving the value of the euro in the long-term. Moreover, it urges the core countries to urgently return to fiscal discipline, both in their own interest and to set an example that would allow them to exert pressure on potential soft currency countries to do the same."--CEPS website.
Author : B. Ardy
Publisher : Springer
ISBN 13 : 0230554741
Total Pages : 363 pages
Book Rating : 4.2/5 (35 download)
Download or read book Adjusting to EMU written by B. Ardy and published by Springer. This book was released on 2005-11-01 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an original and wide-ranging analysis of the impact of Economic and Monetary Union (EMU) on economic governance in the EU and in several key Member States within and outside the Euro area. Its emphasis is on adaptation: how EMU encourages change in national and EU institutions and in national economic regimes. It brings together economic, political science and legal perspectives to explain how national economies adapted, the dynamics of policy-making and the complex web of laws, processes and actors in the EMU.
Author : Jonas Fischer
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.3/5 ( download)
Download or read book 101 Proposals to Reform the Stability and Growth Pact written by Jonas Fischer and published by . This book was released on 2006 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The failure of key EU Member States to respect the requirements of the Stability and Growth Pact (SGP) a few years after its inception triggered a heated debate on how to reform the framework of fiscal policy coordination in the Economic and Monetary Union (EMU). This paper systematically analyzes 101 reform proposals presented by professional academic and non-academic economists prior to March 2005, when the Council of the European Union adopted a revised version of the SGP. Each proposal is characterized by a set of variables reflecting features such as the degree of modification of the SGP, the background of its author(s), the main aim attached to fiscal policy coordination in the EMU, the timing of the proposal and the type of proposal made. Using multivariate statistical analysis, roughly four different schools of thought concerning the reform of the SGP are identified. In line with the main findings of the political economy literature, all four schools of thought share the view that in the absence of specific rules fiscal policy would lead to excessive deficits and hence affect the conduct of the common monetary policy. However, beyond this common denominator, there is no consensus on how best to co-ordinate fiscal policy. Several explanations for the multitude of proposals are presented, the most important being the present lack of a consensus in the economics profession concerning the role of fiscal policy.
Author : Philip Mirowski
Publisher : Verso Books
ISBN 13 : 1788732553
Total Pages : 369 pages
Book Rating : 4.7/5 (887 download)
Download or read book Nine Lives of Neoliberalism written by Philip Mirowski and published by Verso Books. This book was released on 2020-05-05 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Untangling the long history of neoliberalism Neoliberalism is dead. Again. Yet the philosophy of the free market and the strong state has an uncanny capacity to survive, and even thrive, in times of crisis. Understanding neoliberalism’s longevity and its latest permutation requires a more detailed understanding of its origins and development. This volume breaks with the caricature of neoliberalism as a simple, unvariegated belief in market fundamentalism and homo economicus. It shows how neoliberal thinkers perceived institutions from the family to the university, disagreed over issues from intellectual property rights and human behavior to social complexity and monetary order, and sought to win consent for their project through the creation of new honors, disciples, and networks. Far from a monolith, neoliberal thought is fractured and, occasionally, even at war with itself. We can begin to make sense of neoliberalism’s nine lives only by understanding its own tangled and complex history.
Author : Klaus Tuori
Publisher : Cambridge University Press
ISBN 13 : 1108488749
Total Pages : 355 pages
Book Rating : 4.1/5 (84 download)
Download or read book The European Central Bank and the European Macroeconomic Constitution written by Klaus Tuori and published by Cambridge University Press. This book was released on 2022-09-22 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of how the European Central Bank was established to ensure stability and prosperity for the euro area.
Author : Gergana Noutcheva
Publisher : CEPS
ISBN 13 : 9290796065
Total Pages : 30 pages
Book Rating : 4.2/5 (97 download)
Download or read book Economic Regimes for Export written by Gergana Noutcheva and published by CEPS. This book was released on 2005 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
