Product Description: The distinguished International Seminar on Macroeconomics has met annually in Europe for over thirty years. The topics covered in this year’s volume fall into four categories: exchange rates, global business cycles, the financial crisis, and unemployment and the Great Recession...read more

Product Description: The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth...read more

Product Description: The NBER International Seminar on Macroeconomics brings together leadingAmerican and European economists to discuss a broad range of current issues inglobal macroeconomics. An international companion to the more American-focused NBERMacroeconomics Annual, this particular volume offers cutting-edge research onmonetary and fiscal policy responses to macroeconomic fluctuations, with specialemphasis on tailoring a single monetary policy for the diverse economies that makeup the European Monetary Union...read more

Product Description: It is rare for countries to give up their currencies and thus their ability to influence such critical aspects of their economies as interest and exchange rates. Yet ten years ago a number of European countries did exactly that when they adopted the euro...read more

Product Description: This volume analyzes the European Community's transition to economic and monetary union (EMU) in the light of the agreements reached at Maastricht last year. It derives from a conference held by the CEPR and the Bank of Portugal, and includes among its contributors a number of noted academic commentators on European integration...read more

Product Description: Unless Europe takes action soon, its further economic and political decline is almost inevitable, economists Alberto Alesina and Francesco Giavazzi write in this provocative book. Without comprehensive reform, continental Western Europe's overprotected, overregulated economies will continue to slow -- and its political influence will become negligible...read more

Product Description: The distinguished International Seminar on Macroeconomics (ISoM) has met annually in Europe for thirty years. The papers in ISoM 2007 discuss interest setting and central bank transparency; expectations, monetary policy, and traded goods prices; public investment and the golden rule; the role of institutions, confidence, and trust in financial integration within EU countries; international portfolios with supply, demand, and redistributive shocks; transmission and stabilization in closed and open economies; capital flows and asset prices; and welfare implications of financial globalization without financial development...read more

Product Description: Europe's new central bank is developing its version of accountability and public debate over monetary policies. It is natural for CEPR, as a network of policy-oriented academic economists, to contribute to the establishment of this institution...read more

Product Description: The NBER International Seminar on Macroeconomics brings together leading American and European economists to discuss a broad range of current issues in global macroeconomics. An international companion to the more American-focused NBER Macroeconomics Annual, this particular volume offers cutting-edge research on monetary and fiscal policy responses to macroeconomic fluctuations, with special emphasis on tailoring a single monetary policy for the diverse economies that make up the European Monetary Union...read more

Product Description: Inflation targeting -- when central bank policies set specific inflation rate objectives -- is widely used by both developed and developing countries around the world (although not by the United States or the European Central Bank)...read more

Product Description: The Geneva Reports on the World Economy series was launched by the International Center for Monetary and Banking Studies (ICMB) and CEPR in 1999. Each title focuses on an aspect of the reform of the international financial and economic systems and is written by a team of internationally-known macroeconomists...read more (view table of contents, read Amazon.com's description)

Product Description: Enlargement poses a number of institutional challenges to the European Union: institutions originally established for six member states need to be adapted to cope with an EU of between 20 and 30 members. This poses questions both about their size, and about the procedures for taking decisions...read more

Product Description: The third title in the MECB series begins with a review of the main events of the year and how the ECB has dealt with them. The authors focus mainly on eurozone inflation and the exchange rate of the euro but also address a few specific issues, such as transparency of monetary policy and the related decision, recently announced by the ECB, to publish its internal forecasts...read more (view table of contents, read Amazon.com's description)

Product Description: The European banking industry is in a state of turmoil. The pace of mergers and acquisitions has accelerated across different banking sectors and within the same sector. At the same time, the demise of banks already in trouble has accelerated...read more

Product Description: The European Central Bank will be powerful company which needs public scrutiny. CEPR recognizes the need for a regular examination of ECB policies from a pan-European perspective and the importance of beginning this examination early...read more

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Product Description: Events of recent years have exacerbated the dissatisfaction with the performance of flexible exchange rates, and prompted a number of proposals to limit exchange rate fluctuations among industrialized countries. This book provides the first in depth analysis of the European Monetary System (EMS), the only lasting experiment of this kind...read more

(view table of contents)