Autore
Acocella, Nicola

Titolo
Unemployment and inflation in the European Monetary Union: a new approach?
Periodico
European Journal of Comparative Economics
Anno: 2022 - Volume: 19 - Fascicolo: 1 - Pagina iniziale: 3 - Pagina finale: 29

The paper deals first with the characters of unemployment and inflation and their trend in the EMU. Then it underlines that EMU's institutions tend to reduce inflation to a minimum, while limiting fiscal interventions at the national and the European level. The policies implemented recently represent some kind of a novel line of conduct of the EU, as they introduce a rise in the EU budget, release some constraints to national fiscal policies and foresee issuance of common bonds. Judging from these policies a legitimate question is whether the pandemic has been a game-changer, as EU interventions represent some kind of a novel line of conduct of the EU. The issue then arises whether this novelty will be followed by a retreat to the course of rules preceding the pandemic (or, worse, by disintegration of the Union) or some kind of confirmation of the new course - even a relaunch - of the EU.



SICI: 1824-2979(2022)19:1<3:UAIITE>2.0.ZU;2-B
Testo completo: https://ejce.liuc.it/articles/ejce009.pdf

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