Contents

pp v-vi

List of figures

pp vii-ix

List of tables

pp x-x

List of contributors

pp xi-xv

Acknowledgements

pp xvi-xvi

Editors' introduction

pp 1-6

Part I - Monetary policy

pp 7-8

1 - The European Central Bank: a view from across the ocean

pp 9-19

2 - Which measure of inflation should the ECB target?

pp 20-30

3 - An evaluation of alternative targeting rules for the ECB

pp 31-58

4 - Inflation modelling in the euro area

pp 59-88

Part II - Fiscal policies

pp 89-90

5 - The interaction between monetary and fiscal policies in a monetary union: a review of recent literature

pp 91-133

6 - Independent or coordinated? Monetary and fiscal policy in EMU

pp 134-156

7 - Interaction of fiscal policies in the euro area: how much pressure on the ECB?

pp 157-190

8 - The macroeconomic impact of different speeds of debt stabilisation in EMU

pp 191-223

9 - Fiscal shocks and policy regimes in some OECD countries

pp 224-255

10 - Monetary and fiscal policy interactions over the cycle: some empirical evidence

pp 256-296

Part III - Labour markets

pp 297-298

11 - Monetary institutions, monetary union and unionised labour markets: some recent developments

pp 299-326

12 - Inflationary performance in a monetary union with large wage setters

pp 327-343

13 - On the enlargement of currency unions: incentives to join and incentives to reform

pp 344-366

Index

pp 367-373