Monetary Policy, Fiscal Policies and Labour Markets by R. Bee... - 9780521041836

Monetary Policy, Fiscal Policies and Labour MarketsMacroeconomic Policymaking in the EMU\nAuthor(s): R. Beetsma, C. Favero, A. Missale, V. A. Muscatelli, P. Natale, P. Tirelli\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521041836, 978-0521041836\nSynopsis\nFollowing the birth of the European Monetary Union (EMU) economists are still divided in their assessment of the ability of its key institutions to provide macroeconomic stability and foster the reforms necessary to stimulate economic growth. In this collection, experts focus on issues of fiscal policy, monetary policy and labour markets and ask: Can the stability and growth pact provide an adequate framework for the conduct of national fiscal policies? Is the ECB reacting with competence and flexibility to a rapidly changing macroeconomic environment? How do national labour markets react to the macroeconomic institutions and what are the structural re.