EconPapers    
Economics at your fingertips  
 

Policy Design and Macroeconomic Stability in Europe

Ray Barrell and E Davis ()

National Institute Economic Review, 2005, vol. 191, 94-105

Abstract: Macroeconomic policy in Europe is now oriented to creating a stable environment in which the scope for output growth is enhanced. However, we maintain that not all dimensions of a stability-oriented policy framework appear to be in place. Fiscal policy rules and arrangements have been much discussed, but their design is not yet settled. The Single Market Programme has transformed competition in Europe, but its full implications for macroeconomic stability, especially its implications for financial market stability in combination with the Single Currency, have not yet been fully appreciated by policymakers. Future pension issues in the context of population ageing will pose a major challenge. We discuss the design of fiscal policy in (a Single Market) Europe, looking at fiscal pacts and the need for Europe-wide financial regulation in an integrated financial market as well as pension reform aspects.

Date: 2005
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
Journal Article: Policy Design and Macroeconomic Stability in Europe (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:191:y:2005:i::p:94-105_9

Access Statistics for this article

More articles in National Institute Economic Review from National Institute of Economic and Social Research Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK. Contact information at EDIRC.
Bibliographic data for series maintained by Kirk Stebbing ().

 
Page updated 2025-03-19
Handle: RePEc:cup:nierev:v:191:y:2005:i::p:94-105_9