1st Edition

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

By Philip B. Whyman Copyright 2018
    130 Pages
    by Routledge

    130 Pages 10 B/W Illustrations
    by Routledge

    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.

    Introduction 1. Why is the Current Model of EMU Not Working? 2. Single Currency or Common Currency? 3. Monetary Policy in the Keynesian EMU 4. Rediscovering Fiscal Policy 5. Breathing Life into the European Social Model 6. Conclusion Bibliography


    Philip B. Whyman is Professor of Economics at the University of Central Lancashire, UK.