The Case for Straightening Out Macroeconomic Policy in the European Union
In the European Union there is agreement that the establishment of the European Monetary Union is a decisive political and economic achievement. Politically, EMU is a further step in European integration, which could lead to a federal Europe with democratic legitimacy in the long run. Due to EMU, st...| Link(s) zu Dokument(en): | WIFO Publikation |
|---|---|
| Veröffentlicht in: | WIFO Studies |
| 1. Verfasser: | |
| Format: | book |
| Sprache: | Englisch |
| Veröffentlicht: |
2003
|
| Schlagworte: |
| Zusammenfassung: | In the European Union there is agreement that the establishment of the European Monetary Union is a decisive political and economic achievement. Politically, EMU is a further step in European integration, which could lead to a federal Europe with democratic legitimacy in the long run. Due to EMU, stable exchange rates within the internal market and a framework for a common monetary policy have been established. This could lead to a federalisation of other policy instruments, especially a proper EU budget and elements of a federal fiscal policy ... |
|---|