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How will EMU affect cohesion?

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Author Info

  • Brian Ardy
  • Iain Begg
  • Waltraud Schelkle
  • Francisco Torres

Abstract

The new policy environment of EMU affects economic, political, and social cohesion in different ways: the policy mix and menu will be reconfigured; it will provide for more macroeconomic stability in cohesion countries; economic competition will intensify and change patterns of specialisation; and comparison of living standards will become easier which puts pressure on policymakers to reduce inequalities. This article assesses the significance of these effects and their likely consequences in the short, medium and long run. Then the salient cohesion issues regarding Eastern enlargement are discussed. Finally, policy conclusions are drawn, mindful of the considerable uncertainties that warrant further research.

(This abstract was borrowed from another version of this item.)

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Bibliographic Info

Article provided by Springer in its journal Intereconomics.

Volume (Year): 37 (2002)
Issue (Month): 6 (November)
Pages: 300-314

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Handle: RePEc:spr:intere:v:37:y:2002:i:6:p:300-314

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  1. Jakob de Haan & Robert Inklaar & Olaf Sleijpen, 2002. "Have Business Cycles Become More Synchronized?," Journal of Common Market Studies, Wiley Blackwell, vol. 40(1), pages 23-42, 03.
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  7. Andrew K. Rose, 2000. "One money, one market: the effect of common currencies on trade," Economic Policy, CEPR;CES;MSH, CEPR;CES;MSH, vol. 15(30), pages 7-46, 04.
  8. Jan Fagerberg, 1999. "The Economic Challenge for Europe: Adapting to Innovation-Based Growth," Working Papers, Centre for Technology, Innovation and Culture, University of Oslo 2, Centre for Technology, Innovation and Culture, University of Oslo.
  9. Aadne Cappelen & Jan Fagerberg & Bart Verspagen, 1999. "Lack of regional convergence," Working Papers Archives, Centre for Technology, Innovation and Culture, University of Oslo 1999001, Centre for Technology, Innovation and Culture, University of Oslo.
  10. Arratibel, Olga & Rodriguez-Palenzuela, Diego & Thimann, Christian, 2002. "Inflation dynamics and dual inflation in accession countries: a 'New Keynesian' perspective," Working Paper Series 0132, European Central Bank.
  11. Fatás, Antonio & Mihov, Ilian, 1999. "Government Size and Automatic Stabilizers: International and Intranational Evidence," CEPR Discussion Papers 2259, C.E.P.R. Discussion Papers.
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Cited by:
  1. Miguel Lebre de Freitas & Francisco Torres & Celeste Amorim & Annette Bongardt & Ricardo Silva & Marta Dias, 2005. "Regional Convergence in Portugal: Policy Impacts (1990-2001)," Working Papers de Economia (Economics Working Papers) 35, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
  2. Florence Bouvet, 2010. "EMU and the dynamics of regional per capita income inequality in Europe," Journal of Economic Inequality, Springer, vol. 8(3), pages 323-344, September.

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