Europe's Economic and Monetary Union (EMU) is unlike any other case of monetary unification in history. Here, sovereign countries retain a large degree of fiscal autonomy while monetary policy is centralised and entrusted to an independent central bank - the European Central Bank - with a clear mandate to preserve price stability. By bringing together leading scholars and policy makers this comprehensive book examines and reviews the challenges that are facing economic policies in the EMU today. Blending theoretical and policy analyses, the chapters explore and examine the co-ordination of macroeconomic policies to EMU's fiscal policy rules in view of EU enlargement; the interplay between supply side reforms and stabilisation policy; the empirics of monetary and fiscal behaviour; policy making under uncertainty and the international dimension of policy spillovers. This fascinating book contributes to a deeper understanding of policy interactions in EMU, opening up new avenues for economic research and policy analysis.

Leading scholars and policy makers examine the challenges that are facing economic policies in the EMU today.

About the Author
Marco Buti is currently a member of the Group of Policy Advisers of the Commission President at the European Commission. He has published extensively on EMU, fiscal and monetary policies.


Book Information
ISBN 9780521832151
Author Marco Buti
Format Hardback
Page Count 356
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 738g
Dimensions(mm) 236mm * 160mm * 30mm