| Description |
1 online resource (xxxi, 231 pages). |
| Physical Medium |
polychrome |
| Description |
text file |
| Series |
Vernon series in economics
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Vernon Press series in economics.
|
| Summary |
European economic recovery appears to be taking hold. So is the European crisis over? The acute phase of the crisis passed, however a number of medium and long term issues remain. The policies of "internal devaluations" are working, albeit slowly, to restore competitiveness in the countries most affected by the crisis. However, growth remains at best sluggish. The medium and long term outlook remains highly uncertain, fomenting social tensions and endangering political stability. The restoration of economic dynamism is increasingly perceived as the answer to the question of the "European" future - economically, politically and socially. There is a broad consensus that dynamic structural reforms and the restoration of competitiveness at the level of the global economy are key answers to current European challenges. However, whatever the form these may take, the transfer of resources is implicit (and seemingly necessary), to underpin the current structure of eurozone. This indeed raises the question of governance - both fiscal and monetary. After all, the provision of resources implies an allocation - and it is hard to imagine that resources will be provided to the common pool unless the providers have some say with respect to allocation. And that requires some form of common (i.e. centralized) decision-making procedures, in all likelihood exceeding the common understanding of the acquis communautaire as it exists today - i.e. some form of the effective political arrangement. In this context, the basic idea which connects all contributions in this volume is the analysis of the problems which affected the Eurozone in the past decade and the challenges and dilemmas the Eurozone will face in the coming years. |
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Growth and the real convergence in the Eurozone / Lubor Lacina, Antonin Rusek -- Does Baumol's cost disease produce adverse growth? / Carsten Colombier -- Fiscal union under unsustainability of public debt / Gábor Kutasi -- The principle of proportionality / Stanislaw Kasiewicz, Lech Kurklinski -- Fiscal policy of the EU countries in the time of crisis / Jaroslaw Kundera -- Inflation expectations and long-term interest rates / Rajmund Mirdala -- Social market economy leading the EU out of the gridlock? / Václav Smejkal, Stanislav Saroch -- Revisiting Baumol's "growth disease" / Roman Stöllinger -- Are fiscal rules really omnipotent? The case of the EU / István Benczes -- Reforming the Eurozone: at mercy of politics / Zdenek Kudrna. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Economics -- Sociological aspects.
|
|
Economics -- Sociological aspects. |
| Genre/Form |
Electronic books.
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| Added Author |
Lacina, Lubor, editor.
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Rusek, Antonin, editor.
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| Other Form: |
Print version: Imperative of economic growth in the Eurozone. Wilmington, Delaware, United States : Vernon Press, [2017] 9781622732630 (OCoLC)1001386755 |
| ISBN |
9781622733484 (electronic book) |
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1622733487 (electronic book) |
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9781622732630 |
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1622732634 |
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