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001			9781787437937
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008			190515s2019 enk ob 001 0 eng d
020			_a9781787437937 (e-book)
040			_aUtOrBLW _beng _erda _cUtOrBLW
043			_ae------
050		4	_aHJ1000 _b.C36 2019
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072		7	_aBUS000000 _2bisacsh
080			_a336.1
082	0	4	_a336.4 _223
100	1		_aCanale, Rosaria Rita, _eauthor.
245	1	0	_aFiscal and monetary policy in the Eurozone : _btheoretical concepts and empirical evidence / _cRosaria Rita Canale and Rajmund Mirdala.
264		1	_bEmerald Publishing Limited,
300			_a1 online resource (xiii, 202 pages)
504			_aIncludes bibliographical references and index.
505	0		_aPrelims -- Introduction -- Chapter 1: The policy framework in the Eurozone -- Chapter 2: Fiscal policy in the Eurozone -- Chapter 3: Monetary policy in the Eurozone -- Chapter 4: Policy coordination in the Eurozone -- Conclusions -- References -- Index.
520			_aFollowing the 2008 financial crisis, the Eurozone faced a major challenge to many of its most widely held beliefs around both short- and long-term economic policy. Contrary to what had been the received wisdom, it suddenly became clear that financial institutions can fail, that low interest rates are often unable to stimulate the economy, that the unemployment gap is still very large, and that external and internal imbalances are becoming more entrenched. Such sudden revelations left economists grasping for answers. Rosaria Rita Canale and Rajmund Mirdala outline the economic orthodoxies that led to such massive blind spots, and they shed light on the emerging paradigms that continue to struggle to offer convincing frameworks that address what happened and what to do next. They show how dominant economic theories led to a progressive devaluing of the idea that coordinated economic policy offers an effective way of maintaining macroeconomic equilibrium, and they illustrate how the new economic environment calls for a new role for economic policy, one that allows for a more maneuverable monetary policy and a more active fiscal policy. What they ultimately suggest is that this renewed framework of cooperation among policy instruments would require a general rethinking of the political equilibria within the Eurozone, as a stable economic environment cannot be maintained at the expense of particular countries. For its systematic analyses of the economic policy framework of the Eurozone, and for the rigor of its critiques of current ideas about how to move forward, Fiscal and Monetary Policy in the Eurozone is essential reading for postgraduate students of economics, and it is of keen interest to researchers, policymakers, journalists, and financial strategists.
588	0		_aPrint version record
650		0	_aFiscal policy _zEuropean Union countries.
650		0	_aMonetary policy _zEuropean Union countries.
650		0	_aEurozone.
650		7	_aBusiness & Economics _xGeneral. _2bisacsh
650		7	_aEconomics. _2bicssc
700	1		_aMirdala, Rajmund, _eauthor.
776			_z9781787541269
856	4	0	_uhttps://www.emerald.com/insight/publication/doi/10.1108/9781787437937
999			_c29813 _d29813