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4 - Challenges for macroeconomic policy in EMU

Published online by Cambridge University Press:  22 September 2009

Francesco Giavazzi
Affiliation:
Professor of Economics, Vice-rector and Fellow IGIER, Innocenzo Gasparini Institute for Economic Research, Bocconi University, Italy
Jordi Gual
Affiliation:
IESE Business School, Barcelona
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Summary

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Chapter
Information
Building a Dynamic Europe
The Key Policy Debates
, pp. 100 - 126
Publisher: Cambridge University Press
Print publication year: 2004

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References

Alesina, Alberto, Olivier Blanchard, Jordi Galí, Francesco Giavazzi and Harald Uhlig (2001a), ‘Monitoring the ECB No. 3: defining a macro-economic framework for the euro area’ (March), London: Centre for Economic Policy Research
Alesina, Alberto, Olivier Blanchard, Jordi Galí, Francesco Giavazzi and Harald Uhlig (2001b), ‘MECB No. 3: update’ (July), London: Centre for Economic Policy Research
Baldwin, Richard E., Erik Berglöf, Francesco Giavazzi and Mika Widgrén (2001), ‘Twelve is company, twenty-seven is a crowd: preparing the ECB for enlargement’ (September), CEPR Policy Paper, London: Centre for Economic Policy Research
Blanchard, Olivier and F. Giavazzi (2002a), ‘Current account deficits in the Euro area: the end of the Feldstein–Horioka puzzle?’, Brookings Papers on Economic Activity, No. 2, Washington, DC: Brookings Institution
Blanchard, Olivier and F. Giavazzi (2002b), ‘Reforms that can be done: improving the SGP through a proper accounting of public investment’ (mimeo), Bocconi University and MIT
Buiter, Willem (1981), ‘Time preference and international lending and borrowing in an overlapping-generation model’, Journal of Political Economy, 89 (4): 769–797CrossRefGoogle Scholar
De Gregorio, Jose and Holger Wolff (1994), ‘Terms of trade, productivity, and the real exchange rate’, NBER Working Paper No. 4807, National Bureau of Economic Research, Cambridge, MA
Diamond, Peter (1965), ‘National debt in a neoclassical growth model’, American Economic Review, 55 (5): 1126–1150Google Scholar
Estrada, A. and J. David Lopez-Salido (2001), ‘Measuring Spanish technological change using sectorial data’ (mimeo), Banco de España, Madrid
Musgrave, R. A. (1939), ‘The nature of budgetary balance and the case for the capital budget’, American Economic Review, 29: 260–271Google Scholar

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  • Challenges for macroeconomic policy in EMU
    • By Francesco Giavazzi, Professor of Economics, Vice-rector and Fellow IGIER, Innocenzo Gasparini Institute for Economic Research, Bocconi University, Italy
  • Edited by Jordi Gual, IESE Business School, Barcelona
  • Book: Building a Dynamic Europe
  • Online publication: 22 September 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511492433.005
Available formats
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To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • Challenges for macroeconomic policy in EMU
    • By Francesco Giavazzi, Professor of Economics, Vice-rector and Fellow IGIER, Innocenzo Gasparini Institute for Economic Research, Bocconi University, Italy
  • Edited by Jordi Gual, IESE Business School, Barcelona
  • Book: Building a Dynamic Europe
  • Online publication: 22 September 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511492433.005
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Challenges for macroeconomic policy in EMU
    • By Francesco Giavazzi, Professor of Economics, Vice-rector and Fellow IGIER, Innocenzo Gasparini Institute for Economic Research, Bocconi University, Italy
  • Edited by Jordi Gual, IESE Business School, Barcelona
  • Book: Building a Dynamic Europe
  • Online publication: 22 September 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511492433.005
Available formats
×