Abstract
My title for this lecture clearly indicates my view that something is wrong. In 2001, there was much confidence about Europe’s prospects, relative to the US. The euro had been successfully launched. Its impact on intra-European trade and industrial restructuring was already apparent and the difficult period of pre-launch fiscal consolidation lay in the past. The US, with greater personal exposure to stock market investment, appeared more vulnerable to the dotcom bust.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Foster, L., J. Haltiwanger and C.J. Krizan (2002) The Link Between Aggregate and Micro Productivity Growth: Evidence from Retail Trade, NBER Working Paper No. 9120.
Gordon, Robert (2002) High-Tech Innovation and Future Productivity Growth: Does Supply Create its Own Demand, NBER Working Paper No. 9437.
O’Mahony, Mary and William de Boer (2002) Britain’s Relative Productivity Performance: Updates to 1999, NIESR March.
Turner, Adair (2000)’Choosing the State We Want’, Lecture at the LSE, October.
Turner, Adair (2003)’The Monetary Policy Framework – Guarding against Deflation’, Paper delivered at Aspen Italia conference, February.
van Ark, B., R. Inklaar and R.H. McGuckin (2002)’Changing Gear: Productivity, ICT and Service Industries: Europe and the United States’, Paper Presented to Brookings Workshop, May.
Editor information
Editors and Affiliations
Copyright information
© 2004 Adair Turner
About this chapter
Cite this chapter
Turner, A. (2004). What’s Wrong with Europe’s Economy?. In: Stephenson, H. (eds) Challenges for Europe. Palgrave Macmillan, London. https://doi.org/10.1057/9780230524491_1
Download citation
DOI: https://doi.org/10.1057/9780230524491_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-51878-4
Online ISBN: 978-0-230-52449-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)