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Monetary Policy, Fiscal Policies and Labour Markets

Macroeconomic Policymaking in the EMU

Monetary Policy, Fiscal Policies and Labour Markets by R. Beetsma
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Following the birth of the European Monetary Union (EMU) economists are still divided in their assessment of the ability of its key institutions to provide macroeconomic stability and foster the reforms necessary to stimulate economic growth. In this collection, experts focus on issues of fiscal policy, monetary policy and labour markets and ask: Can the stability and growth pact provide an adequate framework for the conduct of national fiscal policies? Is the ECB reacting with competence and flexibility to a rapidly changing macroeconomic environment? How do national labour markets react to the macroeconomic institutions and what are the structural reforms needed in labour markets? Blending empirical and theoretical data, this book offers one of the most comprehensive surveys of research in macroeconomic policymaking within the EMU.
Cambridge University Press; February 2004
391 pages; ISBN 9780511189166
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Title: Monetary Policy, Fiscal Policies and Labour Markets
Author: R. Beetsma; C. Favero; A. Missale; V. A. Muscatelli; P. Natale; P. Tirelli