The Economic Consequences of EMU for Britain

Jonathan Michie

Chapter 3 in The Impact of the Euro, 2000, pp 42-55 from Palgrave Macmillan

Abstract: Abstract Europe seems locked into high levels of unemployment into the twentyfirst century, with all the economic and social misery which goes with that. The blame is put alternatively on the ‘world recession’, or on trade unions, or on new technology, or on immigrants. Almost anywhere except on government economic policy. Yet the governments of the European Union have been deliberately pursuing deflationary, low growth, high unemployment policies under the auspices of the Maastricht convergence criteria.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Central Banker; Fiscal Policy (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37244-3_3

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DOI: 10.1057/9780230372443_3

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