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Monetary Policy and the Macroeconomics of ‘Soft’ Growth

In: Monetary Theory as a Basis for Monetary Policy

Author

Listed:
  • Jean-Paul Fitoussi

    (Institut d’Études Politiques de Paris)

Abstract

After the Second World War, European construction and the fulfilment of the national economic policy objectives of European Economic Community (EEC) countries formed a virtuous circle: the pursuit of policy objectives was facilitated by European construction, and the latter was greatly helped by the achievement of both full employment and rapid growth. The EEC was a means to the ultimate ends of economic activity; that is, rising standards of living in a cohesive society that could offer all its members a job and an opportunity for progress. The question ‘Why Europe?’ had such a self-evident answer that it was not even raised.

Suggested Citation

  • Jean-Paul Fitoussi, 2001. "Monetary Policy and the Macroeconomics of ‘Soft’ Growth," International Economic Association Series, in: Axel Leijonhufvud (ed.), Monetary Theory as a Basis for Monetary Policy, chapter 7, pages 215-254, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-4039-3961-6_7
    DOI: 10.1007/978-1-4039-3961-6_7
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    Cited by:

    1. Jean-Paul Fitoussi & Francesco Saraceno, 2010. "Inequality and macroeconomic performance," Working Papers hal-01069429, HAL.
    2. repec:spo:wpecon:info:hdl:2441/46mbanhapncmp6s9g2choh4pj is not listed on IDEAS
    3. Luigi Bonatti, 2003. "'Soft' growth and the role of monetary policy in selecting the long-run equilibrium path," Working Papers (-2012) 0306, University of Bergamo, Department of Economics.
    4. Fitoussi Jean Paul & Saraceno Francesco, 2010. "Europe: How Deep Is a Crisis? Policy Responses and Structural Factors Behind Diverging Performances," Journal of Globalization and Development, De Gruyter, vol. 1(1), pages 1-19, January.
    5. Roberto Tamborini, 2010. "The Macroeconomics of Imperfect Capital Markets: Whither Saving-Investment Imbalances?," Contributions to Economics, in: Giorgio Calcagnini & Enrico Saltari (ed.), The Economics of Imperfect Markets, chapter 0, pages 137-166, Springer.
    6. repec:hal:spmain:info:hdl:2441/46mbanhapncmp6s9g2choh4pj is not listed on IDEAS
    7. Jean-Paul Fitoussi & Francesco Saraceno, 2009. "How Deep is a Crisis? Policy Responses and Structural Factors Behind Diverging Performances," Documents de Travail de l'OFCE 2009-31, Observatoire Francais des Conjonctures Economiques (OFCE).
    8. repec:hal:wpspec:info:hdl:2441/46mbanhapncmp6s9g2choh4pj is not listed on IDEAS

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