2020, Volume 73 - Issue 3
RSS feed citation: At RePEc
Publication date: 17 August 2020
STRUCTURAL REFORMS IN THE EUROPEAN UNION: WHAT IS NEW AFTER THE CRISIS?Read the article
EXCHANGE RATE VOLATILITY AND ITS IMPACT ON CHINA'S TRADE WITH THE UNITED STATESRead the article
ASYMMETRIC PANEL CAUSALITY TESTS WITH AN APPLICATION TO THE IMPACT OF FISCAL POLICY ON ECONOMIC PERFORMANCE IN SCANDINAVIARead the article
Nicola ACOCELLA, University La Sapienza, Department of Public Economics, Rome, Italy
The paper starts from the observation that the theoretical foundations of the EMU are largely outdated and European institutions have shown a number of faults. These can be summarized in the fact that there are frictions at work – which mainly derive from existing national borders - and adjustment issues that are not tackled, at least in a reasonably long period, by the single currency, free markets and constraints on national policies. It then suggests the broad lines along which the EMU could be reformed and indicates different growth and short-term strategies for the institutions as well as macroeconomic and microeconomic policies.
B20, E42, F00
Monetary Union, Institutions, Theoretical Foundations, Reforms
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