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Economic Policy in EMU: Community Framework and National Strategies – focus on Greece Author info | Abstract | Publisher info | Download info | Related research | Statistics Theodoros S. Papaspyrou
The objective of this paper is to analyse key aspects of economic policy in EMU taking into account the basic components of the Community framework, namely (i) the internal market, (ii) common fiscal rules and provisions for economic policy co-ordination, and (iii) the single monetary policy. The paper argues that EMU provides a framework favourable to economic activity provided EMU advantages are fully exploited and disadvantages minimized. An optimal use of available policy instruments is necessary by individual member states in order to take advantage of the framework of stability provided by EMU and take an active role in the European and international division of labour.
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Paper provided by Hellenic Observatory, LSE in its series GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe with number
04.
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Date of creation: Jul 2007Date of revision:
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Keywords: Community Framework ; EMU ; Member States national policies. ; 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.:
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Cahiers de la Maison des Sciences Economiques
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Patrick Honohan & Anthony J. Leddin, 2006.
"Ireland in EMU - More Shocks, Less Insulation? ,"
The Economic and Social Review ,
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Patrick Honohan & Anthony Leddin, 2005.
"Ireland in EMU: more shocks, less insulation? ,"
The Institute for International Integration Studies Discussion Paper Series
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CEPR Discussion Papers
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"The euro's trade effect ,"
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Ernest Gnan & Claudia Kwapil & Maria Terese Valderrama, 2005.
"EU and EMU Entry: A Monetary Policy Regime Change for Austria? ,"
Monetary Policy & the Economy ,
Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 53-68, August.
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Bernd Hayo, 2006.
"Is European Monetary Policy Appropriate for the EMU Member Countries? A Counterfactual Analysis ,"
Marburg Working Papers on Economics
200610, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
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