Abstract
With the birth of European Monetary Union, management of monetary policy was transferred to the European Central Bank and the European System of Central Banks, and for member countries of the Union, fiscal policy remains the only instrument of economic policy directly controllable by national governments. Over the last few years, given an unemployment rate of about and higher than 10 percent of the work force and a monetary policy that is certainly not accommodating, the debate on management of fiscal policy didn’t take long to materialize, and the points of the dispute have concerned choosing the best combination of fiscal policies.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 2003 Mario Baldassarri and Francesco Busato
About this chapter
Cite this chapter
Baldassarri, M., Busato, F. (2003). Economic Policies in the European Union. In: Full Employment and High Growth in Europe. Palgrave Macmillan, London. https://doi.org/10.1057/9781403937360_3
Download citation
DOI: https://doi.org/10.1057/9781403937360_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-51491-5
Online ISBN: 978-1-4039-3736-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)