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  • 标题:Unemployment and inflation in the European Monetary Union: A new approach?
  • 本地全文:下载
  • 作者:Nicola Acocella
  • 期刊名称:European Journal of Comparative Economics
  • 印刷版ISSN:1824-2979
  • 出版年度:2022
  • 卷号:19
  • 期号:1
  • 页码:3-29
  • DOI:10.25428/1824-2979/009
  • 语种:English
  • 出版社:European Association for Comparative Economic Studies and Universita Carlo Cattaneo
  • 摘要: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.
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