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EMU at Risk: 7th Annual Report of the CEPS Macroeconomic Policy Group. CEPS Paperback. June 2005

Mayer, Thomas and Gros, Daniel and Ubide, Angel (2005) EMU at Risk: 7th Annual Report of the CEPS Macroeconomic Policy Group. CEPS Paperback. June 2005. Series > Centre for European Policy Studies (Brussels) > CEPS Paperbacks . Centre for European Policy Studies. ISBN 9290795697

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    Abstract

    This is the seventh annual report issued by the CEPS Macroeconomic Policy Group since it was reconstituted at the start of economic and monetary union in 1999.This distinguished group of economists argues that a combination of slow growth, inadequate policy responses and newly emerging intra-area divergences are putting EMU at risk. Against this background, the MPG recommends that the ECB should downgrade its short-term concern about cyclical economic developments and pursue a monetary policy aimed at preserving the value of the euro in the long-term. Moreover, it urges the core countries to urgently return to fiscal discipline, both in their own interest and to set an example that would allow them to exert pressure on potential soft currency countries to do the same.

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    Item Type: Book
    Uncontrolled Keywords: Economic Policy.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    EU policies and themes > Policies & related activities > economic and financial affairs > economic policy
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Paperbacks
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 24 Oct 2011 21:18
    Number of Pages: 76
    Last Modified: 24 Oct 2011 21:18
    URI: http://aei.pitt.edu/id/eprint/32585

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