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Monetary Policy and the Macroeconomics of 'Soft' Growth

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  • Jean-Paul Fitoussi

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

After the Second World War, European construction and the fulfilment of the national economic policy objectives of European Economic Community (EEC) countries formed a virtuous circle: the pursuit of policy objectives was facilitated by European construction, and the latter was greatly helped by the achievement of both full employment and rapid growth. The EEC was a means to the ultimate ends of economic activity; that is, rising standards of living in a cohesive society that could offer all its members a job and an opportunity for progress. The question ‘Why Europe?’ had such a self-evident answer that it was not even raised.
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Suggested Citation

  • Jean-Paul Fitoussi, 2001. "Monetary Policy and the Macroeconomics of 'Soft' Growth," Post-Print hal-03567858, HAL.
  • Handle: RePEc:hal:journl:hal-03567858
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    Cited by:

    1. Jean-Paul Fitoussi & Francesco Saraceno, 2010. "Inequality and macroeconomic performance," Working Papers hal-01069429, HAL.
    2. repec:spo:wpmain:info:hdl:2441/46mbanhapncmp6s9g2choh4pj is not listed on IDEAS
    3. repec:spo:wpecon:info:hdl:2441/46mbanhapncmp6s9g2choh4pj is not listed on IDEAS
    4. Luigi Bonatti, 2003. "'Soft' growth and the role of monetary policy in selecting the long-run equilibrium path," Working Papers (-2012) 0306, University of Bergamo, Department of Economics.
    5. Fitoussi Jean Paul & Saraceno Francesco, 2010. "Europe: How Deep Is a Crisis? Policy Responses and Structural Factors Behind Diverging Performances," Journal of Globalization and Development, De Gruyter, vol. 1(1), pages 1-19, January.
    6. Roberto Tamborini, 2010. "The Macroeconomics of Imperfect Capital Markets: Whither Saving-Investment Imbalances?," Contributions to Economics, in: Giorgio Calcagnini & Enrico Saltari (ed.), The Economics of Imperfect Markets, chapter 0, pages 137-166, Springer.
    7. repec:hal:spmain:info:hdl:2441/46mbanhapncmp6s9g2choh4pj is not listed on IDEAS
    8. Jean-Paul Fitoussi & Francesco Saraceno, 2009. "How Deep is a Crisis? Policy Responses and Structural Factors Behind Diverging Performances," Documents de Travail de l'OFCE 2009-31, Observatoire Francais des Conjonctures Economiques (OFCE).
    9. repec:hal:wpspec:info:hdl:2441/46mbanhapncmp6s9g2choh4pj is not listed on IDEAS

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