Economic Policy Coordination in the Euro Area

ISBN-13: 9781138023970 / Angielski / Twarda / 2014 / 202 str.

Armin Steinbach

Opis

The euro-crisis gave new stimulus to the debate on economic policy coordination. In economic literature, the need for coordination has long been denied, particularly because each policy-maker (fiscal, wages, monetary) should perform his policies independently from each other. However, the high and persistent degree of macroeconomic disparity within the EU and the absence of an optimum currency area justifies examining policy coordination. This book adopts an institutional view exploring what incentives for policy-makers result from coordination mechanism in the field of fiscal, monetary and wage policies.

Spis treści

1. Introduction 2. Asymmetric Shocks and Heterogeneity Following the Creation of the EMU 3. Prerequisies for Coordination and Options for its Designs 4. Coordination in the EU Before the Government-Debt Crisis 5. The Expansion of Coordination in the EU 6. Summary 7. Bibliograpghy

O autorze

Armin Steinbach is an economist and lawyer at the German Ministry of Economics in Berlin, Germany. He is the author of books on economic policy and has published in academic journals such as the Journal of International Economic Law, Columbia Journal of European Law and American Review of International Arbitration. He held visiting scholar positions at Harvard and Oxford University and received a doctorate in law from University of Munich and a doctorate in economics from University of Erfurt in Germany.