Download or read book Macro economic policy making from European Coal and Steel Community to euro crisis written by Marius Eckert and published by GRIN Verlag. This book was released on 2013-02-20 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2013 in the subject Economics - Macro-economics, general, grade: A, Tallinn University (Institute for Political Science and Governance), course: Construction of Europe, language: English, abstract: Economic integration is widely considered to be the driving force of the European project and is by today much further developed than the political integration of the EU member states. Starting with the European Coal and Steel Community (ECSC) economic integration developed by deepening and widening its scope; including up to date 27 member states which share a common internal market, among them 17 nations which also share the euro as a common currency. This so-called euro zone entered a phase of crisis from 2010 onwards and the joint policy response was a “muddling-through tactic” comprising of step-by-step financial assistance and cautious further economic integration. This paper is situated in the outlined context and is concerned with the interaction of ideas and the economic integration process up to today’s euro crisis management. Thus the analysis will set out to answer a two-fold research question: “To what extent did ideas construct the European Economic and Monetary Union (EMU) and how does this determine the current crisis policy patterns?” The theoretical framework is based on the theory of the ideational life-cycle which aims at explaining the role and transformative power of ideas among macro-economic policy elites in constructing social realities. It seems promising because European integration has been an elite-led project and policy implementation was merely top-down, especially in the field of economic integration. The paper subsequently reconstructs and analyzes the changing nature of ideas in determining national and European level economic thinking from the ECSC to the revised Stability and Growth Pact within the EMU. Building on these insights the patterns of current policies dealing with the euro crisis are examined. The paper argues that the German ordo-liberal economic understanding has been implemented also on the European level during the 1970s/80s period of economic downturn and uncertainty within the political elite. It then became firmly institutionalized with a more monetarist stance and continues to influence the policy decisions of today’s European elite. This explains the fixation on ‘sound’ money and finances as expressed in the crisis therapies that can currently been witnessed in Europe. Emphasizing this theoretical perspective helps to uncover path-dependencies which will determine future policies and the scope for changes.
Download or read book International Macroeconomics in the Wake of the Global Financial Crisis written by Laurent Ferrara and published by Springer. This book was released on 2018-06-13 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.
Download or read book The Currency of Ideas written by Kathleen R. McNamara and published by Cornell University Press. This book was released on 2019-06-30 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why have the states of Europe agreed to create an Economic and Monetary Union (EMU) and a single European currency? What will decide the fate of this bold project? This book explains why monetary integration has deepened in Europe from the Bretton Woods era to the present day. McNamara argues that the development of a neoliberal economic policy consensus among European leaders in the years after the first oil crisis was crucial to stability in the European Monetary System and progress towards EMU. She identifies two factors, rising capital mobility and changing ideas about the government's proper role in monetary policymaking, as critical to the neoliberal consensus but warns that unresolved social tensions in this consensus may provoke a political backlash against EMU and its neoliberal reforms.McNamara's findings are relevant not only to European monetary integration, but to more general questions about the effects of international capital flows on states. Although this book delineates a range of constraints created by economic interdependence, McNamara rejects the notion that international market forces simply dictate government policy choice. She demonstrates that the process of neoliberal policy change is a historically dependent one, shaped by policymakers' shared beliefs and interpretations of their experiences in the global economy.
Download or read book The Euro and the Battle of Ideas written by Markus K. Brunnermeier and published by Princeton University Press. This book was released on 2016-08-04 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: How philosophical differences between Eurozone nations led to the Euro crisis—and where to go from here Why is Europe's great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Greece, Ireland, Spain, Italy, and other Eurozone nations has left observers wondering whether the currency union can survive. In this book, Markus Brunnermeier, Harold James, and Jean-Pierre Landau argue that the core problem with the Euro lies in the philosophical differences between the founding countries of the Eurozone, particularly Germany and France. But the authors also show how these seemingly incompatible differences can be reconciled to ensure Europe’s survival. As the authors demonstrate, Germany, a federal state with strong regional governments, saw the Maastricht Treaty, the framework for the Euro, as a set of rules. France, on the other hand, with a more centralized system of government, saw the framework as flexible, to be overseen by governments. The authors discuss how the troubles faced by the Euro have led its member states to focus on national, as opposed to collective, responses, a reaction explained by the resurgence of the battle of economic ideas: rules vs. discretion, liability vs. solidarity, solvency vs. liquidity, austerity vs. stimulus. Weaving together economic analysis and historical reflection, The Euro and the Battle of Ideas provides a forensic investigation and a road map for Europe’s future.
Download or read book One Market One Money written by Michael Emerson and published by . This book was released on 1992 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.
Download or read book A Europe Apart written by Roberto Di Quirico and published by . This book was released on 2020-06 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book combines history and political analysis of monetary integration in the European Union (EU) and discusses the main consequences of the euro on both member states' domestic politics and the EU's institutions and policies. The book is structured in three parts. In part I, historical analysis demonstrates that monetary instability and the need for international coordination in currency affairs emerged before political integration became an option. This suggests that monetary and political integration are convergent processes instead of two interconnected components of the wider European integration. Besides, the history of European monetary integration shows that many policies proposed today to face the euro and European crises had been discussed and tested in the past and that results were strictly connected to the specific conditions of the moment. Such a policy analysis-oriented approach to monetary history permits discussing with a different and innovative perspective the actual problems of monetary integration and the unmasking of misleading views of European integration widely diffused in the political debate since the end of the 2000s. Part II and part III discuss the political dimension of the European Economic and Monetary Union's (EMU) problems and the impact on member states' domestic politics. These sections consider themes such as EU institutional transformation, the new EU governance model that emerged due to the crisis, the problematic relationship between European integration and national democracy, and, finally, the role of monetary integration and opposition to the euro in feeding the growing electoral consensus in favour of populist parties. A conclusive chapter summarises the main results of this long-term analysis and answers some research questions anticipated in this book's introduction about the real nature and consequences of monetary integration.
Download or read book Monnet s Brandy and Europe s Fate written by Strobe Talbott and published by Brookings Institution Press. This book was released on 2014-02-10 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past five years have been turbulent for the eurozone. Yet leaders such as Angela Merkel and François Hollande are determined to keep The European Project intact, and even among one-time critics there is a broad consensus that the eurozone will have to hang together. Strobe Talbott introduces the extraordinary life and vision of Jean Monnet—the man credited as the architect of European unity. Monnet died in 1979, long before the euro went into circulation, and his relevance today is all the more striking in light of his idiosyncratic career. He was born in 1888 to a long line of brandy artisans. He had no formal training as an economist, yet he is ranked alongside Keynes. He was never elected to public office, and his fellow countrymen sometimes mocked him as “the great American.” Ironically, some believed that Monnet’s arguments were particularly effective with FDR, and later speculated that they might even have helped shorten World War II by a year. In this essay, Talbott demonstrates how Monnet’s vision of integration may serve as a guide to ending the current eurozone crisis. With minds in key capitals now focused on cobbling together institutional measures of the sort that Monnet believed necessary for monetary union, his vision of a united Europe may well survive and, over time, succeed.
Download or read book Europe in 12 Lessons written by Pascal Fontaine and published by . This book was released on 2017 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Theory and the Eurozone Crisis written by Alain Alcouffe and published by Routledge. This book was released on 2018-10-11 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis of 2007 required the economics discipline to thoroughly re-evaluate its prevailing theories about economic cycles and economic growth. With a focus on Europe, this volume identifies the latest strands of research on business cycles, monetary theory, the evolution of social policies and public spending, and the institutional context of the European Union. It also considers whether these new ideas could have helped us avoid the crisis, and how they might reshape the current economic paradigm. This book will be of interest to advanced students and researchers in European economics, macroeconomics and economic history.
Download or read book Uniting of Europe written by Ernst B. Haas and published by . This book was released on 2020-11-15 with total page 642 pages. Available in PDF, EPUB and Kindle. Book excerpt: The University of Notre Dame Press is pleased to bring Ernst Haas's classic work on European integration, The Uniting of Europe, back into print. First published in 1958 and last printed in 1968, this seminal volume is the starting point for anyone interested in the pre-history of the European Union. Haas uses the European Coal and Steel Community (ECSC) as a case study of the community formation processes that occur across traditional national and state boundaries. Haas points to the ECSC as an example of an organization with the "power to redirect the loyalties and expectations of political actors." In this pathbreaking book Haas contends that, based on his observations of the actual integration process, the idea of a "united Europe" took root in the years immediately following World War II. His careful and rigorous analysis tracks the development of the ECSC, including, in his 1968 preface, a discussion of the eventual loss of the individual identity of the ECSC through its absorption into the new European Community. Featuring a new introduction by Haas analyzing the impact of his book over time, as well as an updated bibliography, The Uniting of Europe is a must-have for political scientists and historians of modern and contemporary Europe. This book is the inaugural volume of Notre Dame's new Contemporary European Politics and Society Series.
Download or read book Reinventing Europe written by Brigitte Leucht and published by Bloomsbury Publishing. This book was released on 2023-01-26 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reinventing Europe provides a thorough exploration of the history of the European Union, tracing its development from inception to recent times. It is the first book of its kind to contextualize the history of the EU within the wider frames of European and global history. The volume also breaks new ground by successfully highlighting the roles individuals, member states, transnational actors and European institutions played in both advancing and slowing down European integration in the EU. With chapters from leading academics in the UK, the US and across Europe who draw on sources in a variety of languages, the book presents a balanced and comprehensive account of this sometimes controversial Union. It is made up of three main parts which in turn cover: · A narrative survey of the EU · A historical analysis of the key institutions and policies · Critical themes and vital geographical spaces There is also a historiographical essay which handily charts the literature in the field, as well as 50 illuminating images, a range of maps, text boxes and primary source extracts, a bibliography and a useful glossary.
Download or read book Governance and Politics in the Post Crisis European Union written by Ramona Coman and published by Cambridge University Press. This book was released on 2020-08-27 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Union of today cannot be studied as it once was. This original new textbook provides a much-needed update on how the EU's policies and institutions have changed in light of the multiple crises and transformations since 2010. An international team of leading scholars offer systematic accounts on the EU's institutional regime, policies, and its community of people and states. Each chapter is structured to explain the relevant historical developments and institutional framework, presenting the key actors, the current controversies and discussing a paradigmatic case study. Each chapter also provides ideas for group discussions and individual research topics. Moving away from the typical, neutral account of the functioning of the EU, this textbook will stimulate readers' critical thinking towards the EU as it is today. It will serve as a core text for undergraduate and graduate students of politics and European studies taking courses on the politics of the EU, and those taking courses in comparative politics and international organizations including the EU.
Download or read book EBOOK The Economics of European Integration 6e written by Richard Baldwin and published by McGraw Hill. This book was released on 2019-04-05 with total page 589 pages. Available in PDF, EPUB and Kindle. Book excerpt: EBOOK The Economics of European Integration 6e
Download or read book The Future of the Euro written by Matthias Matthijs and published by Oxford University Press, USA. This book was released on 2015 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The Future of the Euro' is an attempt by political economists to analyse the fundamental causes of the euro crisis, determine how it can be fixed, and consider what likely futures lie ahead for the currency. The book makes three interrelated arguments that emphasize the primacy of political over economic factors. It concludes that any successful long-term solution to the euro's predicament must start with the political foundations of markets.
Download or read book Political Communication in Europe written by Francisco Pérez and published by Springer. This book was released on 2013-10-24 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: The disconnection between the institutions of the EU and the people of Europe has often been attributed to the existence of a communication gap resulting from the failure of national medias and politicians to convey the importance of the EU. This book challenges that idea instead showing that the fault lies with the idea and institutions of the EU.
Download or read book European Union written by Jeremy Richardson and published by Routledge. This book was released on 2015-02-23 with total page 902 pages. Available in PDF, EPUB and Kindle. Book excerpt: A key textbook for undergraduate and postgraduate students of contemporary European politics, European Union: Power and policy-making 4th edition offers a comprehensive and accessible analysis of the European Union policy process. Intended to advance understanding of the EU as a now mature and ongoing policy system, this book addresses the central issues relating to the distribution of power and influence in the European Union including: Theoretical perspectives The roles of key institutions in the processing of policy problems Different channels of representation The EU as a policy-making state Written by a distinguished group of international scholars, this new edition will also appeal to the worldwide community of researchers on the EU. New to this edition: New chapters on The Politics of Multispeed Europe, The Distribution of Power Among Institutions, EU Agencies, Covert Integration in the European Union, and Political Representation and Democracy in the EU. New authors and theoretical approaches on many topics such as differentiated integration, opt-outs and multi-speed integration, negotiation and coalition building, the interplay of judicial and legislative policy-making, power distribution, agency behaviour, integration by subterfuge, the democratic deficit fully updated data and content throughout Jeremy Richardson is joined by a co-editor, Professor Sonia Mazey, for the fourth expanded edition of this highly regarded textbook on the EU. Jeremy Richardson is an Emeritus Fellow at Nuffield College, Oxford, UK, and Adjunct Professor at the National Centre for Research on Europe, University of Canterbury, New Zealand. He is also Founder and Co-editor of the Journal of European Public Policy Sonia Mazey is a Professor and Pro-Vice-Chancellor of the College of Business and Law, University of Canterbury, New Zealand and formally a Fellow of Keble College, Oxford, UK
Download or read book What Form of Government for the European Union and the Eurozone written by Federico Fabbrini and published by Bloomsbury Publishing. This book was released on 2015-10-29 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the form of government of the European Union (EU)? And how is the institutional governance of the Eurozone evolving? These questions have become pressing during the last few years. On the one hand, the Euro-crisis and the legal and institutional responses to it have had major implications on the constitutional architecture of the EU and the Eurozone. On the other hand, the May 2014 elections for the European Parliament and the ensuing struggle to form the European Commission have brought to the fore new tensions in the EU political system. The purpose of this book, which brings together the contributions of EU lawyers, comparative constitutional lawyers and political scientists, from all over Europe and the United States, is to offer a new look at the form of government of the EU and the Eurozone and consider its potential for future development. While offering a plurality of perspectives on the form of government of the EU and the Eurozone, this book emphasises how the Euro-crisis represents a watershed in the process of European integration, makes the case for a more legitimate and effective form of government for the EU and the Eurozone, and identifies possible windows of opportunity for future treaty reforms. The volume will provide food for thought for scholars, policy-makers and the public at large as they continue debating the most apt form of government for the EU and the Eurozone.
