Titlebook: Euroland and the World Economy; Global Player or Glo Jörg Bibow (Assistant Professor of Economics),Andr Book 2007 Palgrave Macmillan, a div

cumulative

Can the Euro Area Play a Stabilizing Role in Balancing Global Imbalances?depression. The President of the European Central Bank (ECB) in his monthly press conference on 6 July 2006 was very clear about the dangers posed by global imbalances. He suggested that ‘The risks to the outlook for economic growth appear to be balanced over the short term, while in the longer term

改进

Whatever Happened to ‘Policy Coordination’?reated, the promotion of ‘policy coordination’ was seen as an important condition of its success. The issue of just what one means by ‘policy coordination’ might be debated, but I suggest that the relevant connotation of it at the time included demand-expanding policy and that lying in the backgroun

Keratin

The Economic Rationale of the EMU and the Euroant economic as well as social and political implications. To fully reconstruct, explain and evaluate the complex long process that led to these outcomes is far beyond the scope of this chapter. The chapter is an attempt to explain why the EMU took the peculiar shape it has today, that is to say, a

引起

Righting Global Imbalances: Recession, Protection or Reflation?en, to the tune of an annualized USD 900 billion in the fourth quarter of 2005. Contributors to this book agree that US overseas indebtedness cannot continue growing indefinitely and that a global collapse could ensue in the absence of a change of policy.

自制

palliative-care

Germany’s Choice and Lessons from Japan: Supply vs. Demand Policy, Fiscal vs. Monetary Policysuggested that an analysis of the choices faced by Germany will benefit from a deeper understanding of the relationship between structural and cyclical policy on the one hand, and fiscal and monetary policy on the other. The Japanese experience has offered important lessons on these issues that shou

慷慨援助

You Can’t Always Get What You Want: Why Europe is Not Keynesian-able While the US New Economy is Drieynesian-able’ entity, and that for much of its post-Second World War history economic policies in the EU have not been properly Keynesian either. Our second point is that the US ‘new economy’ of today, paradoxically as it may seem at first, is thoroughly ‘Keynesian’, namely through a peculiar finan

ostensible

Magnitude

符合国情

International Payments Imbalances and the Prospective Role of the Eurocurrent accounts of the main world regions, notably the United States and Asia. Considered a warning signal of international financial instability, it is also being seen as a symptom of current world asymmetries in policy regimes and growth rates. Addressing the problem should thus aim at setting wo