Competitive disinflation
Subtitle: the mark and budgetary politics in Europe
By: by J.-P. Fitoussi ... [et al.].
Contributors: Fitoussi, Jean-Paul, 1942-
Publisher: Oxford University Press
Published: 1993
Place of publication: Oxford [England]; New York
Language: eng
Number of pages: 94
Subjects: European Monetary System (Organization); Fiscal policy -- European Economic Community countries.; Foreign-exchange -- Germany.; Deflation (Finance); European Economic Community countries -- Economic policy.
Other titles: Disinflation.
Description: This is the first in a series of annual reports on European economic developments by an international panel of distinguished economists, writing accessibly. Competitive Disinflation addresses one of the main areas of debate concerning economic developments in Europe: the extent to which the budgetary policy of national governments is competitive rather than cooperative. The discussion focuses on three particular cases, French macroeconomic policy since 1987, the reunification of Germany, and constraints imposed on national governments budgetary powers by membership of the EMU. This is a book about the radical alteration of the environment in which economic policy is formulated, with an analysis of options for action and a consideration of factors limiting the effectiveness of that action. It will be a stimulating read for all those, including students, who have an interest in macroeconomic policy issues in the context of European pressures.
Notes: Includes bibliographical references and index.
Translated from the French.