IDEAS home Printed from https://ideas.repec.org/a/mul/je8794/doi10.1429-95404y2019i3p313-334.html
   My bibliography  Save this article

EMU, Macroeconomics and Children

Author

Listed:
  • Anthony B. Atkinson

Abstract

This paper provides a framework for answering the question: How can EMU be expected to affect the children of Europe? It makes the link between macroeconomic analysis and family welfare, a link important for all age groups, but particularly so for children. The policy choices of the ECB are often modelled in terms of the variability of output and inflation, but these are intermediate rather than final goals. The paper examines the relation with employment, wage levels, take-home pay, interest rates, consumer prices, and public services. The paper proposes new indicators of economic performance which are sensitive to the needs of families and children: a child-focused unemployment rate, a European price index for families with children, and measures of the cost of borrowing for families.

Suggested Citation

  • Anthony B. Atkinson, 2019. "EMU, Macroeconomics and Children," Politica economica, Società editrice il Mulino, issue 3, pages 313-334.
    • Handle: RePEc:mul:je8794:doi:10.1429/95404:y:2019:i:3:p:313-334
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.1429/95404
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.rivisteweb.it/doi/10.1429/95404
    Download Restriction: no
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. John Micklewright & Gyula Nagy, 1997. "The Implications of Exhausting Unemployment Insurance Entitlement in Hungary," Papers iopeps97/8, Innocenti Occasional Papers, Economic Policy Series.
    2. Svensson, Lars E. O., 1997. "Inflation forecast targeting: Implementing and monitoring inflation targets," European Economic Review, Elsevier, vol. 41(6), pages 1111-1146, June.
    3. Olivier Blanchard & Lawrence F. Katz, 1997. "What We Know and Do Not Know about the Natural Rate of Unemployment," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 51-72, Winter.
    4. Bourguignon, F. & O'Donoghue, C. & Sastre-Descals, J. & Spadaro, A. & Utili, F., 1997. "Eur 3: A Prototype European Tax-Benefit Model," DELTA Working Papers 97-30, DELTA (Ecole normale supérieure).
    5. Angus Deaton, 1998. "Getting Prices Right: What Should Be Done?," Journal of Economic Perspectives, American Economic Association, vol. 12(1), pages 37-46, Winter.
    6. Teimuraz Gogishvili & Joseph Gogodze & Amiran Tsakadze, 1996. "The Transition in Georgia: From collapse to optimism," Papers iopeps96/11, Innocenti Occasional Papers, Economic Policy Series.
    7. Aline Coudouel & John Micklewright & Sheila Marnie, 1998. "Targeting Social Assistance in a Transition Economy: the Mahallas in Uzbekistan," Papers iopeps98/4, Innocenti Occasional Papers, Economic Policy Series.
    8. Stewart, K., 1997. "Are Intergovernmental Transfers in Russia Equalizing?," Economics Working Papers eco97/22, European University Institute.
    9. Bean, Charles, 1998. "The New UK Monetary Arrangements: A View from the Literature," Economic Journal, Royal Economic Society, vol. 108(451), pages 1795-1809, November.
    10. Giovanni Andrea Cornia, 1994. "Income distribution, poverty and welfare in transitional economies: A comparison between Eastern Europe and China," Journal of International Development, John Wiley & Sons, Ltd., vol. 6(5), pages 569-607, September.
    11. Robert A. Pollak, 1998. "The Consumer Price Index: A Research Agenda and Three Proposals," Journal of Economic Perspectives, American Economic Association, vol. 12(1), pages 69-78, Winter.
    12. Marco BUTI & Daniele FRANCO & Hedwig ONGENA, 1997. "Budgeetary Policies during Recessions : Retrospective Application of the Stability and Growth Pact” to the Post-War Period," Discussion Papers (REL - Recherches Economiques de Louvain) 1997041, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    13. Barry Eichengreen & Charles Wyplosz, 1998. "The Stability Pact: more than a minor nuisance?," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 13(26), pages 66-113.
    14. Giovanni Andrea Cornia & Richard Strickland, 1990. "Rural Differentiation, Poverty and Agricultural Crisis in sub-Saharan Africa: Toward an appropriate policy response," Papers iopeps90/48, Innocenti Occasional Papers, Economic Policy Series.
    15. André Sapir & Marco Buti, 1998. "Economic policy in EMU," ULB Institutional Repository 2013/8078, ULB -- Universite Libre de Bruxelles.
    16. David W. Roland‐Holst & Ferran Sancho, 1992. "Relative Income Determination In The United States: A Social Accounting Perspective," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 38(3), pages 311-327, September.
    17. Suraiya Ismail & John Micklewright, 1997. "Living Standards and Public Policy in Central Asia: What can be learned from child anthropometry?," Papers iopeps97/5, Innocenti Occasional Papers, Economic Policy Series.
    18. Sheldon Danziger & Jonathan Stern, 1990. "Causes and Consequences of Child Poverty in the United States," Papers iopeps90/35, Innocenti Occasional Papers, Economic Policy Series.
    19. Roland-Holst, David W & Sancho, Ferran, 1992. "Relative Income Determination in the United States: A Social Accounting Perspective," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 38(3), pages 311-327, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. John Micklewright, 2000. "Macroeconomics and Data on Children," Papers inwopa00/2, Innocenti Working Papers.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Peter Galasi, 1998. "Income Inequality and Mobility in Hungary 1992-96," Papers iopeps98/3, Innocenti Occasional Papers, Economic Policy Series.
    2. Olga Cantó Sanchez & Magda Mercader-Prats, 1998. "Child Poverty in Spain: What can be said?," Papers iopeps98/24, Innocenti Occasional Papers, Economic Policy Series.
    3. Cathal O’Donoghue & Holly Sutherland, 1998. "Accounting for the Family: The treatment of marriage and children in European income tax systems," Papers iopeps98/25, Innocenti Occasional Papers, Economic Policy Series.
    4. Mel Ainscow & Memmenasha Haile-Giorgis, 1998. "The Education of Children with Special Needs: Barriers and opportunities in Central and Eastern Europe," Papers iopeps98/1, Innocenti Occasional Papers, Economic Policy Series.
    5. Aline Coudouel & John Micklewright & Sheila Marnie, 1998. "Targeting Social Assistance in a Transition Economy: the Mahallas in Uzbekistan," Papers iopeps98/4, Innocenti Occasional Papers, Economic Policy Series.
    6. Dury, Karen & Pina, Alvaro M., 2003. "Fiscal policy in EMU: simulating the operation of the Stability Pact," Journal of Policy Modeling, Elsevier, vol. 25(2), pages 179-206, February.
    7. Santosh Mehrotra & Mario Biggeri, 2002. "Social Protection in the Informal Economy: Home based women workers and outsourced manufacturing in Asia," Papers inwopa02/24, Innocenti Working Papers.
    8. Friedhelm Betke, 2001. "The 'Family-in-Focus' Approach: Developing policy-oriented monitoring and analysis of human development in Indonesia," Papers inwopa01/13, Innocenti Working Papers.
    9. Jakob de Haan & Helge Berger & David-Jan Jansen & Jakob de Haan, 2003. "The End of the Stability and Growth Pact?," CESifo Working Paper Series 1093, CESifo.
    10. Willem Thorbecke, "undated". "Who Pays for Disinflation? Disinflationary Monetary Policy and the Distribution of Income," Economics Public Policy Brief Archive ppb_38, Levy Economics Institute.
    11. Santosh Mehrotra, 2000. "Integrating Economic and Social Policy: Good practices from high achieving countries," Papers inwopa00/9, Innocenti Working Papers.
    12. Roberto Tamborini, 2004. "One ‘Monetary Giant’ with Many ‘Fiscal Dwarfs’: The Efficiency of Macroeconomic Stabilization Policies in the European Monetary Union," International Economic Association Series, in: Alan V. Deardorff (ed.), The Past, Present and Future of the European Union, chapter 3, pages 21-47, Palgrave Macmillan.
    13. Michael J. Artis & Marco Buti, 2000. "‘Close‐to‐Balance or in Surplus’: A Policy‐Maker's Guide to the Implementation of the Stability and Growth Pact," Journal of Common Market Studies, Wiley Blackwell, vol. 38(4), pages 563-591, November.
    14. Lisa A. Cameron, 2001. "An Analysis of the Role of Social Safety Net Scholarships in Reducing School Drop-Out during the Indonesian Economic Crisis," Papers inwopa01/11, Innocenti Working Papers.
    15. Balassone, Fabrizio & Franco, Daniele & Zotteri, Stefania, 2003. "Fiscal rules for sub-national governments: what lessons from EMU countries?," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34926, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    16. Fabrizio Balassone & Daniele Franco, 2004. "EMU fiscal rules: new answers to old questions?," Chapters, in: Giuseppe Eusepi & Friedrich Schneider (ed.), Changing Institutions in the European Union, chapter 1, Edward Elgar Publishing.
    17. Micklewright, John & Klugman, Jeni & Redmond, Gerry, 2002. "Poverty in the Transition: Social Expenditures and the Working-Age Poor," CEPR Discussion Papers 3389, C.E.P.R. Discussion Papers.
    18. Mr. Roel M. W. J. Beetsma & Mr. Xavier Debrun & Mr. Franc Klaassen, 2001. "Is Fiscal Policy Coordination in EMU Desirable?," IMF Working Papers 2001/178, International Monetary Fund.
    19. John Micklewright, 1999. "Education, inequality and transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 7(2), pages 343-376, July.
    20. Roumiana Gantcheva & *UNICEF, 2001. "Children in Bulgaria: Growing impoverishment and unequal opportunities," Papers inwopa01/12, Innocenti Working Papers.

    More about this item

    Keywords

    Macroeconomics; Children; Unemployment; Europe; Monetary Union.;
    All these keywords.

    JEL classification:

    • E19 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Other
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:je8794:doi:10.1429/95404:y:2019:i:3:p:313-334. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rivisteweb.it/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.