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Good economics, bad economics, and European economics

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Author Info
Backhaus,Jürgen G. (METEOR)

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Abstract

The editors of Kyklos have asked the question: Is there a European economics? This short essay tries to give an answer by first trying to provide a framework for a sensible answer in economics, and then following suit by illustrating how in the context of this frame-work, the answer can be given. In so doing, the essay touches on theories of regulation, the ORDO-approach, the sub-discipline of law and economics and the problem of European institutions as they are different from American ones and different from those typically assumed but never explicated in textbook renditions bearing on economic policy.

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Paper provided by Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization in its series Research Memoranda with number 006.

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Date of creation: 1996
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Handle: RePEc:dgr:umamet:1996006

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Web page: http://edocs.ub.unimaas.nl/

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Keywords: Economics

References listed on IDEAS
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  1. Eijffinger, S. & Schaling, E., 1995. "The Ultimate Determinants of Central Bank Independence," Discussion Paper 5, Tilburg University, Center for Economic Research. [Downloadable!]
  2. Rogoff, Kenneth, 1985. "The Optimal Degree of Commitment to an Intermediate Monetary Target," The Quarterly Journal of Economics, MIT Press, vol. 100(4), pages 1169-89, November. [Downloadable!] (restricted)
  3. Beetsma, Roel & Bovenberg, A Lans, 1995. "Does Monetary Unification Lead to Excessive Debt Accumulation?," CEPR Discussion Papers 1299, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  4. Laskar, Daniel, 1989. "Conservative central bankers in a two-country world," European Economic Review, Elsevier, vol. 33(8), pages 1575-1595, October. [Downloadable!] (restricted)
  5. Alberto Alesina & Vittorio Grilli, 1991. "The European Central Bank: Reshaping Monetary Politics in Europe," NBER Working Papers 3860, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  6. Morales, A.J. & Padilla, A.J., 1995. "Designing Institutions for International Monetary Policy Coordination," Papers 9503, Centro de Estudios Monetarios Y Financieros-.
    Other versions:
  7. Levine, Paul L & Pearlman, Joseph, 1992. "Fiscal and Monetary Policy Under EMU: Credible Inflation Targets or Unpleasant Monetary Arithmetic?," CEPR Discussion Papers 701, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  8. Guy Debelle & Stanley Fischer, 1994. "How independent should a central bank be?," Working Papers in Applied Economic Theory 94-05, Federal Reserve Bank of San Francisco.
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  9. Levine, Paul, 1993. "Fiscal Policy Co-ordination under EMU and the Choice of Monetary Instrument," The Manchester School of Economic & Social Studies, Blackwell Publishing, vol. 61(0), pages 1-12, Suppl..
  10. Jay Bryson, 1994. "Macroeconomic stabilization through monetary and fiscal policy coordination: Implications for European Monetary Union," Open Economies Review, Springer, vol. 5(4), pages 307-326, October. [Downloadable!] (restricted)
  11. Beetsma, R.M.W.J. & Bovenberg, A.L., 1995. "Designing Fiscal and Monetary Institutions in a Second-Best World," Discussion Paper 47, Tilburg University, Center for Economic Research. [Downloadable!]
    Other versions:
  12. Xavier Sala-i-Martin & Jeffrey Sachs, 1991. "Fiscal Federalism and Optimum Currency Areas: Evidence for Europe From the United States," NBER Working Papers 3855, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  13. Guy Debelle, 1996. "Central Bank Independence: A Free Lunch?," IMF Working Papers 96/1, International Monetary Fund.
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