The Case for Straightening Out Macroeconomic Policy in the European Union

Markus Marterbauer
Authors registered in the RePEc Author Service: Karl Aiginger

in WIFO Studies from WIFO

Abstract: In the European Union there is agreement that the establishment of the European Monetary Union is a decisive political and economic achievement. Politically, EMU is a further step in European integration, which could lead to a federal Europe with democratic legitimacy in the long run. Due to EMU, stable exchange rates within the internal market and a framework for a common monetary policy have been established. This could lead to a federalisation of other policy instruments, especially a proper EU budget and elements of a federal fiscal policy ...

Keywords: The; Case; for; Straightening; Out; Macroeconomic; Policy; in; the; European; Union; Economic; Policy; Issues; for; the; Next; Decade (search for similar items in EconPapers)
Date: 2003 Written 2003-12-01
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wstudy:24917

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