Promoting Growth and Welfare in a Changing Europe: Economic Analysis and Policy
The problem that is common to all European economies is how to maintain full employment, social achievements and levels of welfare. The common answer is growth and innovation, that is, access to the most advanced technologies — the way to revamp the growth process. As to achieving this, there is today a prevailing consensus, derived mainly from unfavourable comparison with the performance of the US economy, which consists in promoting the emergence of a new institutional framework and enhancing potential growth rates.
KeywordsLabour Market Monetary Policy Euro Area Coordination Mechanism Competition Policy
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