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Economic and monetary integration and the 'constitutionalisation' of macroeconomic policy making?
journal contribution
posted on 2023-06-07, 22:39 authored by Lucia QuagliaThis work discusses the constitutionalization of rules in macroeconomic policy-making in the European Union (EU) with reference to European monetary integration. The analysis deals with two main monetary arrangements, the European Monetary System (EMS) and the Economic and Monetary Union (EMU), and focuses on one country - Italy. Using an interdisciplinary perspective and a constitutional political economy approach, three sets of factors are identified to explain how and why policy-makers may decide to self-limit their sovereignty in monetary and fiscal policies, as they have done in the process of European monetary integration. It is argued that such factors influenced the dynamics and evolution of the European monetary arrangements, shaping the path to EMU.
History
Publication status
- Published
Journal
Constitutional Political EconomyISSN
1043-4062Publisher
Springer VerlagExternal DOI
Issue
3Volume
14Page range
235-251Pages
17.0Department affiliated with
- Politics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-02-06Usage metrics
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