This book offers a fresh perspective on the recent Eurozone ‘double crisis’ and its related economic policies. The authors present empirical evidence which sheds new light on the growing economic and political debate on the future of the Euro, the Eurozone and the EU. The book investigates and assesses the impact of the crisis with particular reference to monetary and fiscal policy, whose protracted austerity approach has dampened economic growth. In their discussion of the long-run European integration process, the authors emphasize the original weaknesses in the construction of the European Monetary Union and examine its failure to respond to the recent crisis. The concluding chapter focuses on the need for crucial reform in European governance and discusses the impact of the UK’s recent EU membership referendum. Scholars, students and members of the general public with an interest in the future of the Eurozone will find this work thought-provoking, instructive and highly informative.
Table des matières
Foreword.- Preface.- 1. A Progressively Integrated European Community within the Global Economy.- 2. The European Monetary Union and OCA Theories: A Common Currency Waiting for a Real Economic Union.- 3. Monetary Policy and the European Central Bank: A Progressive Divorce from the Bundesbank Legacy?.- 4. Fiscal Policies and the EU Governance: Just Rules and Lack of Stabilisation Purposes.- 5. The Double Crisis in the Eurozone: Recession, Stagnation and High Unemployment.- 6. The EU’s Policy Response: Too Little Too Late.- 7. The Need for Innovative Policies and Further Integration: A Real ‘Economic and Monetary’ Union Leading to a Future Political Union?.
A propos de l’auteur
Enrico Marelli is Professor of Economic Policy at the University of Brescia, Italy.
Marcello Signorelli is Associate Professor of Economic Policy at the University of Perugia, Italy.
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