Antiinflationary Policies in the European Union: Specifics, Problems and Prospects

Victor Pishchik ()

Voprosy Ekonomiki, 2002, vol. 12

Abstract: Tendencies and prospects of antiinflationary policies by the Eurosystem and its place in sustaining macroeconomic stability in the Euroarea are examined in the article. Limitations and opportunities of these policies in conditions of transitional period of Economic and Monetary Union formation, preservation of structural disproportions and weak coordination of various directions of financial and economic policies among Euroarea countries are investigated. The role of an independent single monetary policy in EMU in sustaining steady development of the European Union may be raised under condition of reforming administative structures in the Euroarea and increasing a degree of consolidation and coordination of fiscal and budgetary policy in the EMU.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:2002-12-4

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