Rethinking Economic and Monetary Union in Europe: A Post-Keynesian Alternative

1st Edition

Philip B. Whyman

Routledge
Published January 23, 2018
Reference - 116 Pages - 10 B/W Illustrations
ISBN 9781138203341 - CAT# Y289297
Series: Routledge Studies in the European Economy

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Summary

In the wake of the Greek crisis, the future of the EU is the subject of a great deal of debate. This book critically evaluates the current new monetarist model of Economic and Monetary Union in Europe, presenting an alternative post-Keynesian (progressive) model, aimed at addressing the current problems of trade imbalance and asymmetric macroeconomic policy infrastructure that are augmenting tensions within the Eurozone.

The book’s approach is based upon the development of a common, rather than a single, currency approach, and utilises post-Keynesian policy solutions in order to create a form of EMU which will promote full employment rather than austerity.

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