This is the first book to
investigate how the Euro has affected trade, financial markets, macroeconomic policy
making and Europe's economic performance since it came into operation in January 1999.
- Features eight studies by
leading European and North American economists.
- Covers topics such as
inflation measurement, price stability, fiscal policies and monetary policy.
- Also looks at economic
conditions and prospects outside the Eurozone.
- Presents essential
information in non-technical language.
Table of Contents
Introduction.
1. Policy Challenges of Euro Area Enlargement: Lucas Papademos.
2. The Currency Union Effect on Trade: Early Evidence from EMU: Alejandro Micco, Ernesto
Stein and Guillermo Ordonez.
3. Divergent Inflation Rates in EMU: Patrick Honohan and Philip R. Lane.
4. Inflation Measurement and the ECB's Pursuit of Price Stability: A First Assessment:
Stephen G. Cecchetti and Mark A. Wynne.
5. The Execution of Monetary Policy: A Tale of Two Central Banks: Leonardo Bartolini and
Alessandro Prati.
6. Monetary Transmission in the Euro Area: Early Evidence: Ignazio Angeloni and Michael
Ehrmann.
7. Yield Spreads on EMU Government Bonds: Lorenzo Codogno, Carlo Favero and Alessandro
Missale.
8. Fiscal Policy and Monetary Integration in Europe: Jordi Galí and Roberto Perotti.
9. Life on the Outside: Economic Conditions and Prospects Outside Euroland: David Barr,
Francis Breedon and David Miles.
About the Authors
Richard Edward Baldwin is
Professor of International Economics at the Graduate Institute of International Studies,
Geneva.
Giuseppe Bertola is
Professore Ordinario di Economica Politica, Facolta di Scienze Politiche, Universita di
Torino.
Paul Seabright is Professor
of Economics at Université des Sciences Sociales de Toulouse, a Director of Research at
the Institut d'Economie Industrielle and a Research Fellow at CEPR.
320 pages
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