LEADER 03705nam 2200541I 450 001 9910793426703321 005 20190515102047.0 010 $a1-78743-981-X 010 $a1-78743-793-0 035 $a(CKB)4100000008095543 035 $a(MiAaPQ)EBC5762371 035 $a(UtOrBLW)9781787437937 035 $a(EXLCZ)994100000008095543 100 $a20190515d2019 uy 0 101 0 $aeng 135 $aurun||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aFiscal and monetary policy in the Eurozone $etheoretical concepts and empirical evidence /$fRosaria Rita Canale and Rajmund Mirdala 210 1$aBingley :$cEmerald Publishing,$d2019. 215 $a1 online resource (217 pages) 311 $a1-78743-794-9 311 $a1-78754-126-6 320 $aIncludes bibliographical references and index. 327 $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. 330 $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. 606 $aFiscal policy$zEuropean Union countries 606 $aMonetary policy$zEuropean Union countries 606 $aEurozone 606 $aBusiness & Economics$xGeneral$2bisacsh 606 $aEconomics$2bicssc 607 $aEuropean Union countries$2fast 615 0$aFiscal policy 615 0$aMonetary policy 615 0$aEurozone. 615 7$aBusiness & Economics$xGeneral. 615 7$aEconomics. 676 $a332.46 686 $a24.04.40$2EP-CLASS 700 $aCanale$b Rosaria Rita$0128574 702 $aMirdala$b Rajmund 801 0$bUtOrBLW 801 1$bUtOrBLW 906 $aBOOK 912 $a9910793426703321 996 $aFiscal and monetary policy in the Eurozone$93802966 997 $aUNINA