The Travails of the Eurozone: Economic Policies, Economic Developments

Cover......Page 1
Contents......Page 6
List of Tables......Page 8
List of Figures......Page 10
Notes on the Contributors......Page 12
Acknowledgements......Page 17
1 Introduction......Page 18
2 Understanding the Link between Money Growth and Inflation in the Euro Area......Page 27
Discussion......Page 57
3 Monetary Policy Shifts and Inflation Dynamics......Page 59
Discussion......Page 80
4 Is European Monetary Policy Appropriate for the EMU Member Countries? A Counterfactual Analysis......Page 84
Discussion......Page 106
5 Fiscal Policy, Labour Markets and the Difficulties of Inter-Country Adjustment within EMU......Page 112
Discussion......Page 137
6 The Economic Importance of Fiscal Rules......Page 140
Discussion......Page 160
7 Has EMU Had Any Impact on the Degree of Wage Restraint?......Page 163
Discussion......Page 192
8 Structural Reforms and European Monetary Union: What Can a Panel Analysis for the World versus OECD Countries Tell Us?......Page 196
Discussion......Page 222
9 The Euro and Financial Integration......Page 225
Discussion......Page 248
10 The Impact of the Euro Changeover on Inflation: Evidence from the Harmonized Index of Consumer Prices......Page 250
Discussion......Page 284
11 Issues and Problems Related to Eurozone Entry of the New Accession Countries: An Analytical Review......Page 288
Discussion......Page 307
12 A Portfolio-Based Analysis of Movements in the Euro-Dollar Rate......Page 310
Discussion......Page 330
C......Page 332
E......Page 333
G......Page 334
K......Page 335
N......Page 336
S......Page 337
U......Page 338
Z......Page 339