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Growth And Cohesion In The European Union: The Impact Of Macroeconomic Policy; Ed. By William Mitchell by William Mitchell; J Muysken; Tom van Veen; Centre of Full Employment and Equity is a book available to read on EtoBox.

What is Growth And Cohesion In The European Union: The Impact Of Macroeconomic Policy; Ed. By William Mitchell about?

This book is a critical review of current fiscal and monetary policy in Europe and presents results of both empirical research and a discussion of the theoretical framework behind the policy of the European Central Bank and the Stability and Growth Pact. Macroeconomic policy is often hotly debated within the EU. However, the majority of policy discussions have started from a shared view of how the economy works. This shared neo-classical view is also known as the 'Brussels-Frankfurt consensus'. According to that consensus, European labour markets are too rigid in comparison to the US labour market. Hence, the prevalent view is that the European unemployment problem can be solved by increasing incentives; improving the returns on schooling and redefining the role and the necessity of labour market institutions. In this volume the authors argue that it is not at all clear which institutions cause labour market rigidities and to what extent. They note that the problem of unemployment requires a much broader set of solutions, including active labour market policies, policies concerning schooling and the development of skills. Growth and Cohesion in the European Union also highlights th

Author

William Mitchell; J Muysken; Tom van Veen; Centre of Full Employment and Equity

Publisher

Edward Elgar Publishing Ltd

Published

2006

Language

EN

ISBN

9781845426118

Subjects

Finance, Economics, Business