Download or read book The Impact of the Maastricht Fiscal Criteria on Employment in Europe written by Ray Barrell and published by . This book was released on 1996 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Working Paper written by European Parliament. Directorate General for Research and published by . This book was released on 1995 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Employment Effects of the Maastricht Fiscal Criteria written by Anthony Comfort and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Employment Effects of the Maastricht Fiscal Criteria written by Anthony Comfort and published by . This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The employment effects of the Maastricht fiscal criteria written by and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Employment Effects of the Maastricht Fiscal Criteria written by Parlement européen and published by . This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of the Maastricht Criteria and the Stability Pact on Growth and Unemployment in Europe written by Vitor Castroa and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper attempts to measure the direct effects of the Maastricht criteria and the Stability Pact on growth and unemployment in the EU countries, and covers the period 1980-2001. The evidence from a panel empirical analysis suggests that growth was negatively influenced by the imposition of the Maastricht criteria, showing a fall of 0.5 percentage points on the growth of real output. Estimating the pre- and post-Maastricht periods separately, it was found that the increment of public debt affected both periods equally. However, the negative effects of the public deficit ratio and inflation rate are slightly stronger in the pre-Maastricht period. Nevertheless, the evidence shows that the higher fiscal discipline after Maastricht did not benefit the growth of real output. Exchange rate stability seems to have a negative effect on growth but interest rates did not seem to have any influence on the growth of real output. The unemployment analysis through growth confirms the idea that unemployment follows the economic cycle and that the fall in unemployment due to growth of real GDP was smaller in the post-Maastricht period. Our main conclusion is that the Maastricht criteria and the Stability Pact have been unfavourable to growth and unemployment in Europe, so we argue that a more flexible Stability Pact is now needed to stimulate aggregate demand and encourage productive investment in order to achieve full employment and a higher economic activity.
Download or read book Economic Citizenship in the European Union written by Paul Teague and published by Routledge. This book was released on 2005-10-25 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Paul Teague explores the macro-economic, productive and institutional pressures faced by Europe's social model and assesses a number of economic and political programmes aimed at resolving the crisis. It also considers the role of the European Union building a social dimension to the European economy. The findings suggest that the future of traditional institutions of Social Europe is under threat. However, they also stress that we are not on the threshold of the 'Americanisation' of European life. This study finds that the influential political forces that reject the dismantling of Europe's social model should not be preoccupied with defending inherited institutions. Instead this book argues that they should encourage the construction of new forms of social solidarity compatible with the complexities of modern economic life.
Download or read book Economic Convergence in the Euro Area Coming Together or Drifting Apart written by Mr.Jeffrey R. Franks and published by International Monetary Fund. This book was released on 2018-01-23 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has not occurred among the original euro area members since the advent of the common currency. Income convergence stagnated in the early years of the common currency and has reversed in the wake of the global economic crisis. New euro area members, in contrast, have seen real income convergence. Business cycles became more synchronized, but the amplitude of those cycles diverged. Financial cycles showed a similar pattern: sychronizing more over time, but with divergent amplitudes. Income convergence requires reforms boosting productivity growth in lagging countries, while cyclical and financial convergence can be enhanced by measures to improve national and euro area fiscal policies, together with steps to deepen the single market.
Download or read book Second Generation Fiscal Rules written by Luc Eyraud and published by International Monetary Fund. This book was released on 2018-04-13 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal rule frameworks have evolved significantly in response to the global financial crisis. Many countries have reformed their fiscal rules or introduced new ones with a view to enhancing the credibility of fiscal policy and providing a medium-term anchor. Enforcement and monitoring mechanisms have also been upgraded. However, these innovations have made the systems of rules more complicated to operate, while compliance has not improved. The SDN takes stock of past experiences, reviews recent reforms, and presents new research on the effectiveness of rules. It also proposes guiding principles for future reforms to strike a better balance between simplicity, flexibility, and enforceability. Read the blog
Download or read book The Political Economy of European Employment written by Henk Overbeek and published by Routledge. This book was released on 2004-11-23 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited collection examines unemployment in Europe in the context of globalisation, the implementation of European Monetary Union and the Eastern enlargement of the EU. It combines theoretical chapters with detailed case-studies of Britain, The Netherlands, Italy, Spain and Central Europe.
Download or read book Pandemic Solidarity written by Marina Sitrin and published by Vagabonds. This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collects first-hand experiences from around the world of people creating their own networks of solidarity and mutual aid in the time of Covid-19.
Download or read book Minimum Income Schemes in Europe written by International Labour Organisation and published by International Labour Organization. This book was released on 2003 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the paradox of rich countries of Western Europe, who have high levels of poverty whilst proclaiming its eradication as one of the primary social and economic goals. It looks at how policies often do not achieve their goals, why countries need mechanisms to reduce wage inequality and why they choose to provide universal benefits instead of systems of selective benefits targeted at the poor. Along with cross-countries comparisons, the volume also presents analysis of the minimum income in France, Portugal, Italy, Finland, Ireland, Belgium, and Greece.
Download or read book Should the Maastricht Treaty be Saved written by Barry J. Eichengreen and published by . This book was released on 1992 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: En este documento se retoma, tras los referendos danes y frances y la crisis de los mercados de cambios de septiembre de 1992, el debate sobre la union monetaria y el tratado de Maastricht. Analiza los beneficios de la union monetaria y la posibilidad de conseguirlos con medios menos radicales, como el mantenimiento firme de tipos de cambio fijos; los costes, mediante el examen de los mecanismos de ajuste alternativos al tipo de cambio (precios y salarios, migraciones, flujos de capital y transferencias fiscales interregionales); el papel del federalismo fiscal frente a las restricciones propuestas en Maastricht; el diseño del Banco Central Europeo (BCE), su independencia de las presiones politicas y responsabilidad en la supervision prudencial; la transicion a la moneda unica y al BCE, y la conveniencia de los criterios de convergencia adoptados. Finaliza con el estudio de las implicaciones de la UEM en el resto del mundo: demanda de dinero y coordinacion de la politica internacional. Contiene bibliografia. (pgp).
Download or read book Europe and the Euro written by Alberto Alesina and published by University of Chicago Press. This book was released on 2010-04-15 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is rare for countries to give up their currencies and thus their ability to influence such critical aspects of their economies as interest and exchange rates. Yet ten years ago a number of European countries did exactly that when they adopted the euro. Despite some dissent, there were a number of arguments in favor of this policy change: it would facilitate exchange of goods, money, and people by decreasing costs; it would increase trade; and it would enhance efficiency and competitiveness at the international level. A decade is an ideal time frame over which to evaluate the success of the euro and whether it has lived up to expectations. To that aim, Europe and the Euro looks at a number of important issues, including the effects of the euro on reform of goods and labor markets; its influence on business cycles and trade among members; and whether the single currency has induced convergence or divergence in the economic performance of member countries. While adoption of the euro may not have met the expectations of its most optimistic proponents, the benefits have been many, and there is reason to believe that the euro is robust enough to survive recent economic shocks. This volume is an essential reference on the first ten years of the euro and the workings of a monetary union.
Download or read book How to Fix the Euro written by Stephen Pickford and published by Chatham House. This book was released on 2015-01-31 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economic and financial crisis that started in 2007 exposed serious flaws in the euro's original design. This report examines why Europe's economic and monetary union was so badly affected by the crisis, and assesses whether further changes need to be made to the structure of economic governance that underpins it. A Chatham House, Elcano and AREL Report
Download or read book Bunching at 3 Percent The Maastricht Fiscal Criterion and Government Deficits written by Francesca G Caselli and published by International Monetary Fund. This book was released on 2018-08-03 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates the effects of the Maastricht treaty’s fiscal criterion on EU countries’ general government deficits. We combine treatment effects methods with bunching estimation, and find that the 3 percent deficit rule acts as a “magnet”, increasing the number of observations around the threshold, while reducing the occurrence of both large government deficits and surpluses. After the rule is adopted, the distribution of government deficits among EU countries displays 20 percent excess mass around the deficit ceiling compared to a counterfactual distribution in which countries have the same observable characteristics but without the fiscal rule. Most of the bunching response comes from a reduction in the number of high deficit observations. We also find that the average treatment effect on fiscal deficits is positive and statistically significant. Finally, we derive country-specific impacts under a rank invariance assumption and find that all EU countries have seen their fiscal position improve on average as a result of the deficit rule.
