In it's first few years the Eurozone seems to have experienced slow growth, with continuing high unemployment, and it has been subjected to a range of adverse comment, particularly in the 'Anglo-Saxon' press. This book brings together leading economists from Germany, Ireland, Italy, Slovakia and the US as well as the UK, to examine these 'trevails' of the Eurozone. The authors investigate the operation of monetary and fiscal policy in the Eurozone, the extent of structural reform and the reasons for it, and other topics from the possible inflation increases in the 2002 notes and coin changeover through the nature and extent of financial integration to the causes of the euro's fall and rise against the dollar and the prospects for the Central and Eastern European countries joining EMU. The papers are generally accessible, but informed by the latest in analytical and empirical research
Introduction; D.Cobham
Understanding the Link Between Money Growth and Inflation in the Euro area; K.Assenmacher-Wesche & S.Gerlach
Monetary Policy Shifts and Inflation Dynamics; P.Surico
Is European Monetary Policy Appropriate for the EMU Member Countries? A Counterfactual Analysis; B.Hayo
Fiscal Policy, Labour markets, and the Difficulties of Inter-Country Adjustment within EMU; C.Allsopp & D.Vines
The Economic Importance of Fiscal Rules; M.Artis & L.Onorante
Has EMU had any Impact on the Degree of Wage Restraint?; A.Posen & D.Gould
Structural Reforms and European Monetary Union: What Can a Panel Analysis for the World versus OECD Countries Tell Us?; A.Belke, B.Herz & L.Vogel
The Euro and Financial Integration; P.Lane & S.Walti
The Impact of the Euro Changeover on Inflation: Evidence from the Harmonised Index of Consumer Prices; M.Ercolani & J.Dutta
Issues and Problems Related to Eurozone Entry of the New Accession Countries: An Analytical Review; M.Beblavy
A Portfolio Based Analysis of Movements in the Euro Dollar Rate; A.Al-Eyd, R.Barrell & D.Holland
DAVID COBHAM is Professor of Economics at Heriot-Watt University in Edinburgh, UK. He has published extensively in the field of UK monetary policy, and also has substantial interests in the fields of European monetary integration, financial systems and Middle East economies.
Description
In it's first few years the Eurozone seems to have experienced slow growth, with continuing high unemployment, and it has been subjected to a range of adverse comment, particularly in the 'Anglo-Saxon' press. This book brings together leading economists from Germany, Ireland, Italy, Slovakia and the US as well as the UK, to examine these 'trevails' of the Eurozone. The authors investigate the operation of monetary and fiscal policy in the Eurozone, the extent of structural reform and the reasons for it, and other topics from the possible inflation increases in the 2002 notes and coin changeover through the nature and extent of financial integration to the causes of the euro's fall and rise against the dollar and the prospects for the Central and Eastern European countries joining EMU. The papers are generally accessible, but informed by the latest in analytical and empirical research
Contents
Introduction; D.Cobham
Understanding the Link Between Money Growth and Inflation in the Euro area; K.Assenmacher-Wesche & S.Gerlach
Monetary Policy Shifts and Inflation Dynamics; P.Surico
Is European Monetary Policy Appropriate for the EMU Member Countries? A Counterfactual Analysis; B.Hayo
Fiscal Policy, Labour markets, and the Difficulties of Inter-Country Adjustment within EMU; C.Allsopp & D.Vines
The Economic Importance of Fiscal Rules; M.Artis & L.Onorante
Has EMU had any Impact on the Degree of Wage Restraint?; A.Posen & D.Gould
Structural Reforms and European Monetary Union: What Can a Panel Analysis for the World versus OECD Countries Tell Us?; A.Belke, B.Herz & L.Vogel
The Euro and Financial Integration; P.Lane & S.Walti
The Impact of the Euro Changeover on Inflation: Evidence from the Harmonised Index of Consumer Prices; M.Ercolani & J.Dutta
Issues and Problems Related to Eurozone Entry of the New Accession Countries: An Analytical Review; M.Beblavy
A Portfolio Based Analysis of Movements in the Euro Dollar Rate; A.Al-Eyd, R.Barrell & D.Holland
Authors
DAVID COBHAM is Professor of Economics at Heriot-Watt University in Edinburgh, UK. He has published extensively in the field of UK monetary policy, and also has substantial interests in the fields of European monetary integration, financial systems and Middle East economies.
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