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On the origins of the Franco-German EMU controversies

  • Ivo Maes

    ()

    (National Bank of Belgium, Research Department)

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    EMU is, to a large extent, the result of a process of Franco-German reconciliation and understanding. However, in the postwar period, there were significant differences in ideas and economic policy-making in Germany and France. France was dominated by the "tradition républicaine", giving a central role to the state in economic life. In Germany, the federal structure of the state went together with the social market economy. In this paper an analysis is presented of these differences in thought and economic policy-making, how they evolved through time, and how they contributed to shaping the nature and form of the European Union. The focus is on the Rome Treaties, the Werner Report and the Maastricht Treaty process.

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    File URL: https://www.nbb.be/doc/oc/repec/reswpp/wp34.pdf
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    Paper provided by National Bank of Belgium in its series Working Paper Research with number 34.

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    Length: 46 pages
    Date of creation: Jul 2002
    Handle: RePEc:nbb:reswpp:200207
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    1. Ivo Maes, 2002. "Economic Thought and the Making of European Monetary Union," Books, Edward Elgar Publishing, number 2515, June.
    2. Eijffinger, S.C.W. & de Haan, J., 2000. "European Monetary and Fiscal Policy," Other publications TiSEM a056022b-c6b1-4c89-bcd5-3, Tilburg University, School of Economics and Management.
    3. Robert J. Barro & David B. Gordon, 1981. "A Positive Theory of Monetary Policy in a Natural-Rate Model," NBER Working Papers 0807, National Bureau of Economic Research, Inc.
    4. Pierre Rosanvallon, 1987. "Histoire des idées keynésiennes en France," Revue Française d'Économie, Programme National Persée, vol. 2(4), pages 22-56.
    5. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
    6. Christian Noyer, 1992. "À propos du statut et de l'indépendance des Banques centrales," Revue d'Économie Financière, Programme National Persée, vol. 22(3), pages 13-18.
    7. Bernhard Molitor, 1980. "Politique industrielle et Planification en France," Revue Économique, Programme National Persée, vol. 31(5), pages 837-852.
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