Considers the way in which the European Union has affected autonomy in macroeconomic policy-making of the member states. It begins with an introduction to economic ideas, and explores current themes surrounding monetary and fiscal policy and European integration, including economic policy co-ordination, objectives in national policy-making and motivations for participating in the European Monetary System. Particular focus is given to the larger member states:
* the United Kingdom
* Germany
* France
* Italy.
List of illustrations vii(2) List of contributors ix(2) Preface xi(2) Acknowledgements xiii 1 Introduction 1(8) JAMES FORDER ANAND MENON PART I Broad issues 9(74) 2 The EU and national macroeconomic policy: an empirical overview 11(17) JEFFREY HARROP 3 `National autonomy: some economic approaches 28(17) JAMES FORDER 4 Changing objectives in national policy making 45(13) MARY GREGORY DANIEL WEISERBS 5 Motivations for participating in the EMS 58(25) PETER M. OPPENHEIMER PART II Policy in four member states 83(58) 6 France 85(20) JACQUES RELAND 7 Germany 105(14) ELKE THIEL INGEBORG SCHROEDER 8 Italy: EMS discipline, fiscal imbalance 119(10) GIACOMO VACIAGO 9 The United Kingdom 129(12) M.J. ARTIS PART III Specific issues 141(54) 10 Should unemployment convergence precede monetary union? 143(13) ANDREA BOLTHO 11 Fiscal policy and European integration 156(18) CHRISTOPHER ALLSOPP 12 Conclusion: states, the European Union and macroeconomic policy 174(21) ANAND MENON JAMES FORDER Index 195
James Forder is at St Peter's College, Oxford University. Anand Menon is Lecturer in the Politics of European Integration at the Oxford University Centre for European Politics, Economics and Society.
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