Francesco Caselli, Mário Centeno, and José Tavares (eds)
- Published in print:
- 2016
- Published Online:
- August 2016
- ISBN:
- 9780198754688
- eISBN:
- 9780191816260
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198754688.001.0001
- Subject:
- Economics and Finance, Macro- and Monetary Economics
This book reassesses the twin projects of structural reform and European integration in the wake of the Great Recession and the European Sovereign Debt Crisis. A brief introduction compares the ...
More
This book reassesses the twin projects of structural reform and European integration in the wake of the Great Recession and the European Sovereign Debt Crisis. A brief introduction compares the pre-crises debate to the current situation, and highlights a number of ways in which both reform and further integration may have become more difficult, but also less complementary. The first chapter surveys the state of the structural-reform agenda, its successes, failures, and priorities for further action. The second chapter focuses on the fiscal-policy response to the crisis, advocating a greater balance between supply side reforms and demand side management. The third chapter focuses on the asymmetric shocks across economies in the monetary union, and discusses institutional mechanisms to reduce their frequency and impact. Chapter 4 examines the cyclical behaviour of output and financial indicators, as well as the counter-cyclical role of macro-financial policies, both at the national and the European level. The fifth chapter studies changes in Europeans’ attitudes, showing how the recent crises eroded public confidence in European institutions. The sixth chapter tackles the demographic challenges facing Europe, and particularly the way that demographic change may impact the reform agenda. Chapter 7 highlights the under-appreciated extent to which ‘Europe,’ taken as a whole, is characterized by a substantial amount of inequality and geographical income clustering, and the challenge these facts pose for further integration.Less
This book reassesses the twin projects of structural reform and European integration in the wake of the Great Recession and the European Sovereign Debt Crisis. A brief introduction compares the pre-crises debate to the current situation, and highlights a number of ways in which both reform and further integration may have become more difficult, but also less complementary. The first chapter surveys the state of the structural-reform agenda, its successes, failures, and priorities for further action. The second chapter focuses on the fiscal-policy response to the crisis, advocating a greater balance between supply side reforms and demand side management. The third chapter focuses on the asymmetric shocks across economies in the monetary union, and discusses institutional mechanisms to reduce their frequency and impact. Chapter 4 examines the cyclical behaviour of output and financial indicators, as well as the counter-cyclical role of macro-financial policies, both at the national and the European level. The fifth chapter studies changes in Europeans’ attitudes, showing how the recent crises eroded public confidence in European institutions. The sixth chapter tackles the demographic challenges facing Europe, and particularly the way that demographic change may impact the reform agenda. Chapter 7 highlights the under-appreciated extent to which ‘Europe,’ taken as a whole, is characterized by a substantial amount of inequality and geographical income clustering, and the challenge these facts pose for further integration.
Yu Hong
- Published in print:
- 2017
- Published Online:
- September 2017
- ISBN:
- 9780252040917
- eISBN:
- 9780252099434
- Item type:
- chapter
- Publisher:
- University of Illinois Press
- DOI:
- 10.5406/illinois/9780252040917.003.0007
- Subject:
- Society and Culture, Media Studies
This chapter recaps the profound changes in the political economy of communications as a frontier of economic restructuring and synthesizes different yet interrelated processes and outcomes of ...
More
This chapter recaps the profound changes in the political economy of communications as a frontier of economic restructuring and synthesizes different yet interrelated processes and outcomes of forging the digital economy across communications. In light of the central position assigned to communications in the scheme of economic restructuring, this chapter also pursues the following question: How much advantage would China likely gain from this newly discovered developmental focus? It explores likely global implications in ICT manufacturing, media and entertainment, and internet governance.Less
This chapter recaps the profound changes in the political economy of communications as a frontier of economic restructuring and synthesizes different yet interrelated processes and outcomes of forging the digital economy across communications. In light of the central position assigned to communications in the scheme of economic restructuring, this chapter also pursues the following question: How much advantage would China likely gain from this newly discovered developmental focus? It explores likely global implications in ICT manufacturing, media and entertainment, and internet governance.
