Designing the New European Union by Helge Berger and Thomas Moutos (Eds.)

By Helge Berger and Thomas Moutos (Eds.)

This quantity is predicated on papers added on the moment CESifo-Delphi meetings (Munich, November 2003, and Delphi, June 2004), that are together prepared through CESifo and the dept of foreign and eu fiscal experiences of the Athens collage of Economics and enterprise. The CESifo-Delphi meetings are geared up each years and contain a two-stage procedure. Following an preliminary demand abstracts, a few authors have been chosen and invited to offer their papers at a workshop assembly in Munich. After extra refereeing, the various authors have been invited to give (possibly revised) types in their papers on the ultimate convention assembly in Delphi. "Contributions to fiscal research" was once confirmed in 1952. The sequence objective is to stimulate the foreign alternate of medical info. The sequence contains books from all components of macroeconomics and microeconomics.

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Krugman, P. (1993), ‘‘Lessons of Massachusetts for EMU’’, pp. 241–261 in: F. Giavazzi and F. Torres, editors, The Transition to Economic and Monetary Union in Europe, New York: Cambridge University Press. , E. Stein and G. Ordon˜ez (2003), ‘‘The currency union effect on trade: early evidence from EMU’’, Economic Policy, Vol. 37, pp. 315–356. Moravcsik, A. (1998), The Choice for Europe: Social Purpose and State Power from Messina to Maastricht, London: UCL Press. Oates, W. (1972), Fiscal Federalism, New York: Harcourt-Brace.

F. Jimeno, R. Marimon and C. ’’, in: G. Bertola, T. Boeri and G. Nicoletti, editors, , Welfare and Employment in a United Europe, Cambridge, MA: MIT Press. M. and G. Tullock (1962), The Calculus of Consent: Logical Foundations of Constitutional Democracy, Ann Arbor: University of Michigan Press. Designing Europe – A Survey of Tasks Ahead 27 Cecchetti, S. (1999), ‘‘Legal structure, financial structure and the monetary policy transmission mechanism’’, pp. 170–194 in: Bundesbank, editor, The Monetary Transmission Process, Recent Developments and Lessons for Europe, London, UK: Palgrave.

Their particular attention is on euro area differences in inflation – a very worrying aspect of euro area heterogeneity for monetary policy – and the question they ask is what are the driving factors behind the idiosyncrasies observed. 17 Similar effects might be at work when it comes to financial integration (see above). Corsetti and Pesenti (2002) stress that currency unions might be ‘‘self-validating’’ even without endogenous real or financial convergence if firms adjust their pricing behavior in line with the monetary regime.

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