Titlebook: Report on the State of the European Union; Volume 3: Crisis in Jean-Paul Fitoussi,Jacques Cacheux Book 2010 The Editor(s) (if applicable)

危险

Peer Pressure and Fiscal Rules,als, if disobedience entails a loss of reputation. This chapter extends to public behaviour the argument developed by Akerlof. We maintain that public social norms may limit the ability of national governments to manoeuvre when building and managing an economic and monetary union, and yet survive be

大洪水

,The ECB’s Quiet Hijacking of the Euro Area’s Exchange Rate,ir own part or in the rest of a world that is becoming increasingly more integrated. Over the last few years, China and Germany have become convincing illustrations of this basic truth. The Chinese authorities still undervalue the yuan’s value against the U.S. dollar despite strong American pressure

大火

沙文主义

NADIR

The EU Environmental Strategy,deed combines many issues relating to the economy as well as to the political economy that prove most complex in theory and most wily in praxis: inter-generational justice, the production and preservation of public goods, the management of externalities at both national and international levels, the

integral

榨取

偏见

Peer Pressure and Fiscal Rules,cause of reputation considerations. More specifically, the public social norm we consider in this chapter is the Stability and Growth Pact (SGP), signed in 1997 by the countries participating in the European Monetary Union.

intoxicate

舰旗