Rethinking Economic and Monetary Union in Europe: A Post-Keynesian AlternativeIn the wake of the Greek crisis, the future of the EU is the subject of a great deal of debate. This book critically evaluates the current new monetarist model of Economic and Monetary Union in Europe, presenting an alternative post-Keynesian (progressive) model, aimed at addressing the current problems of trade imbalance and asymmetric macroeconomic policy infrastructure that are augmenting tensions within the Eurozone. The book’s approach is based upon the development of a common, rather than a single, currency approach, and utilises post-Keynesian policy solutions in order to create a form of EMU which will promote full employment rather than austerity. |
Contents
| 2002 | |
Single currency or common currency? | |
Monetary policy in the Keynesian | |
Rediscovering fiscal policy | |
Breathing life into the European Social Model | |
Other editions - View all
Rethinking Economic and Monetary Union in Europe: A Post-Keynesian Alternative Philip Whyman No preview available - 2018 |
Rethinking Economic and Monetary Union in Europe: A Post-Keynesian Alternative Philip B. Whyman No preview available - 2020 |
Common terms and phrases
adjustment aggregate demand Alesina alternative approach Arestis and Sawyer austerity Available Baimbridge bancor Basingstoke Bibow Cambridge Journal capital cent clearing union Commission common currency competitiveness currency union currency zone deficit nations devaluation economic activity Economic and Monetary economic growth Economic Policy Edward Elgar Eichengreen equilibrium Euro Euro-bancor European Central Bank European Economy European Social Model European Union Eurozone exchange rates exchange-rate expansionary facilitate fiscal compact fiscal federalism fiscal policy flawed flexibility flexicurity full employment fundamental global Grauwe ICU proposal impact income inflation inflationary International Monetary investment Journal of Economics Journal of Political K-ECB labour market London macroeconomic macroeconomic policy model of EMU monetarist monetary policy Monetary Union Moreover NAIRU neo-liberal operation Optimum Currency Area Palgrave Paper Political Economy potential problems reduce Reform single currency social protection stabilisation stability Stiglitz surplus nations Theory thereby trade imbalances wage whilst Whyman