The primary objective of this article is to estimate a fiscal policy rule for each of the EMU member States from 1984 to 2005 in order to know if there has been a systematic response of the cyclically adjusted primary balance to output gap and debt level variations. Also, we aim to discover...

Current account imbalances within the eurozone are at the roots of its economic crisis. We argue that, though relevant, emphasis should shift from competitiveness to differential rates of growth of domestic demand as its chief explanatory factor. Euro core countries have experienced a shortage...

The themes of this important new volume were chosen to mark the 75th anniversary of the publication of The General Theory of Employment, Interest and Money. The distinguished authors concentrate on the relevance of this seminal publication for macroeconomic theory, method and the politics of...

This paper aims to use a Taylor Rule to characterise the monetary policy applied by the ECB and to test whether there are significant differences compared to the monetary policy applied in the previous years by the central banks of the 12 countries currently forming part of the EMU. We see that...

Este trabajo analiza el programa de estímulo fiscal español, comparándolo con los planes fiscales adoptados en otros países –principalmente de la UEM- y con las características deseables recogidas en la literatura teórica respecto a su tamaño, composición, estructura temporal y...

The economic policy framework of the Euro area displays significant limitations. While these deficiencies are a result of the design of the Euro project, they have become increasingly evident during the current economic crisis. The European Commission and the Council have put forward a set of...

The transfer of sovereignty in monetary policy and exchange rate associated with the creation of the Economic and Monetary Union (EMU) provides fiscal and budgetary policy with a more important role as a stabilization policy, and even more taking into account the current financial and economic...

Análisis teórico del problema del desempleo elevado y persistente que caracteriza a la mayoría de las economías europeas. Se hace un enfoque dinámico, y al final del artículo se extraen las implicaciones de política económica más relevantes.

The paper surveys the state of the art of Taiwanese economic studies in Spain and Latin America. It lists the researchers, institutions and publications dealing with Taiwan's contemporary economy in the main Universities and Institutions. At present the degree of organization of Taiwanese...

Aproximación teórica a la relación que existe entre la tasa de crecimiento potencial, o no aceleradora de la inflación, y la evolución dinámica de la tasa de desempleo.