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Inclusion of Central European Countries in the European Monetary Union
The creation of the European Economic and Monetary Union (EMU) and the introduction of the euro is a historical event for the EU countries. The debates on the desirability of the …
The Political Economy of Monetary Union
The Political Economy of Monetary Union presents an important collection of the most influential articles covering different areas in this expanding field.The volume brings …
Lectures on Behavioral Macroeconomics
In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large external shocks. The combination …
The Political Economy of Structural Reforms in Europe
Reforms in labour and product markets play a central role in government policies. The Political Economy of Structural Reforms in Europe takes stock of current frontier work. It …
The ECU and European Monetary Integration
The creation of the ECU in 1979 as part of the newly established European Monetary system was greeted with widespread scepticism, few predicted the success it would have in private …
The Limits of the Market
The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far …
Dimensions of Competitiveness
Leading economists analyze the multiple factors that drive competitiveness among nations in world markets.Competitiveness among nations is often approached as if it were a sports …
The Exchange Rate in a Behavioral Finance Framework
This book provides an alternative view of the workings of foreign exchange markets. The authors' modeling approach is based on the idea that agents use simple forecasting rules and …
Behavioural Macroeconomics
Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. This has created a very shallow theory of the …
Economic Growth and Structural Reforms in Europe
In contrast to the USA, Europe has struggled to return to the growth path it was on prior to the financial crisis of 2007–11. Not only has the recovery been slow, it has also been …
Exchange Rates And Global Financial Policies
Exchange Rates and Global Financial Policies brings together research and work done by world-class economist Paul De Grauwe over the past two decades. Drawing inspiration from …