Monetary Policy and the Macroeconomics of ‘Soft’ Growth

Jean-Paul Fitoussi

Chapter 7 in Monetary Theory as a Basis for Monetary Policy, 2001, pp 215-254 from Palgrave Macmillan

Abstract: Abstract After the Second World War, European construction and the fulfilment of the national economic policy objectives of European Economic Community (EEC) countries formed a virtuous circle: the pursuit of policy objectives was facilitated by European construction, and the latter was greatly helped by the achievement of both full employment and rapid growth. The EEC was a means to the ultimate ends of economic activity; that is, rising standards of living in a cohesive society that could offer all its members a job and an opportunity for progress. The question ‘Why Europe?’ had such a self-evident answer that it was not even raised.

Keywords: Interest Rate; Monetary Policy; Fiscal Policy; Inflation Rate; Real Interest Rate (search for similar items in EconPapers)
Date: 2001
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Working Paper: Monetary Policy and the Macroeconomics of 'Soft' Growth (2001)
Working Paper: Monetary Policy and the Macroeconomics of 'Soft' Growth (2001)
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DOI: 10.1007/978-1-4039-3961-6_7

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