This paper attempts to provide a conceptual framework for the analysis of counterfactual scenarios using macroeconometric models. As an application we consider UK entry to the euro. Entry involves a long-term commitment to restrict UK nominal exchange rates and interest rates to be the same as...

The widespreadunderstandingthat the ECJ'searly fundamental rights jurisprudence in Internationale Handelsgesellschaft (1970) and other cases was developed in response to judgments of theGerman and Italian Constitutional Courts has recently been questioned.Delledonne and Fabbriniclaimboth that...