Asymmetry and Aggregation in the EU

Name: Asymmetry and Aggregation in the EU
Brand: Palgrave Macmillan
SKU: 9780230538085
Price: 296.97 RON
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Autor: David G. Mayes, Matti Viren

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Legare: Copertă tare

Editura: Palgrave Macmillan

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This book provides a unique study of the differences in economic behaviour according to the phases o...

Informații despre carte

Autor

David G. Mayes, Matti Viren

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2011

Pagini

238

EAN

9780230538085

ISBN

0230538088

Enbook ID

04555031

Editura

Palgrave Macmillan

Greutate

428

Dimensiuni

144 x 219 x 21

Descriere completă

This book provides a unique study of the differences in economic behaviour according to the phases of the economic cycle in the countries of the European Union. It presents a comprehensive analysis of asymmetry in the EU over the last forty years, and shows that the problems in the global financial crisis were readily predictable. The authors use empirical research and panel data to show how much economic behaviour changes between the up and down phases of the business cycle, and the difficulties this creates for monetary, fiscal and labour market policies. The volume demonstrates how prescient the asymmetric design of the Stability and Growth Pact was in trying to offset countries understandable optimism in fiscal policy, and the consequent tendency not to manage debt successfully. It also reveals the inherent problems for managing unemployment in an asymmetric labour market. This book is essential reading for all interested in European economics, macroeconomics and European integration.

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