The Report on the State of the European Union examines the progress of European integration and focuses on economic aspects of the process. This third volume in the series explores the EU in light of the current crisis

This volume, the fifth instalment of the classic Report on the European Union series, offers at once an economic and intellectual historical perspective on the creation of the euro and its 20 first years, a comprehensive review of the current and future challenges of the euro area, including a...

[fre] Le cinquantième anniversaire des traités de Rome fournit l’occasion d’un bilan critique sur le budget européen, d’autant plus nécessaire que, alors que les perspectives financières à moyen terme, programmation septennale des dépenses budgétaires de l’UE couvrant la période...

[eng] Born some twenty years ago, the New Classical school has induced the development of a new research program, systematically applying the neo-classical methods of intertemporal, general-equilibrium analysis to macroeconomic issues. New classical economists are characterized by a preference...

Under the Articles of the Confederation, the central government of the United States had limited power to tax. Therefore, large debts accumulated during the US War for Independence traded at deep discounts. That situation framed a US fiscal crisis in the 1780s. A political revolution ?for that...

[eng] Banking Controls and the Stability Financial Systems in EMU . The advent of the Single European Market and the prospect of Economic and Monetary Union should result in a closer integration of the European Community's markets and financial services. This integration will be accompanied by...

[eng] Occurring at a time when the efforts, made necessary by the prolonged recession, to keep expenditures down and to increase some categories of receipts were materializing, economic recovery in the US led to substantial budget surpluses for the State and local public sector in 1983 and 1984....