Fiscal and Monetary Policy for a Low-Speed Europe, 4th Annual Report of the CEPS Macroeconomic Policy Group

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Series Details June 2002
Publication Date 2002
ISBN 92-9079-384-4
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This is the fourth in a series of annual reports produced by the CEPS Macroeconomic Policy Group (MPG), composed of distinguished economists from throughout Europe who have undertaken to carry out independent, in-depth research on current developments in the European economy. This year’s report documents two long-run developments: the decline of productivity in Europe and the growing ineffectiveness of fiscal policy. Against this background, the ECB’s room for manoeuvre is also explored and found to be inadequate.

Source Link http://aei.pitt.edu/32568/
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