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The Case for Straightening Out Macroeconomic Policy in the European Union

Author

Listed:
  • Markus Marterbauer

    (WIFO)

Abstract

In the European Union there is agreement that the establishment of the European Monetary Union is a decisive political and economic achievement. Politically, EMU is a further step in European integration, which could lead to a federal Europe with democratic legitimacy in the long run. Due to EMU, stable exchange rates within the internal market and a framework for a common monetary policy have been established. This could lead to a federalisation of other policy instruments, especially a proper EU budget and elements of a federal fiscal policy ...

Suggested Citation

  • Markus Marterbauer, 2003. "The Case for Straightening Out Macroeconomic Policy in the European Union," WIFO Studies, WIFO, number 24917.
    • Handle: RePEc:wfo:wstudy:24917
    as

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    File URL: https://www.wifo.ac.at/wwa/pubid/24917
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