This paper first considers the dilemma facing the ECB itself in managing the eurozone economy. It then turns to the issues facing individual governments in managing their own regional economies within the euro zone - in particular the issues facing the Irish government. We first consider the extent to which individual governments should be concerned about deviations in domestic inflation rates from the average euro zone rate. We identify significant benefits to EMU membership but also a cost in the reduction in the ability to control pressures on domestic property markets. Finally, this paper does not consider the problems facing regions of national economies that have very little fiscal autonomy. With the exception of the Northern Ireland Economic Councils study (Bradley, 1998), this issue has to date received little attention in the literature.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Economic and Social Research Institute (ESRI) in its series Papers with number
WP127.
Length: 27 pages Date of creation: May 2000 Date of revision: Handle: RePEc:esr:wpaper:wp127
Contact details of provider: Postal: Whitaker Square, Sir John Rogerson's Quay, Dublin 2 Phone: (353-1) 863 2000 Fax: (353-1) 863 2100 Email: Web page: http://www.esri.ie More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Sarah Burns).
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)