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- catalog abstract "As the start of the European Monetary Union (EMU) approaches, Western Europe may be heading for troubles that could extend to the United States. The problem lies in the West European political economy. The imposition of highly restrictive fiscal and monetary criteria laid down in Maastricht in 1991 as requirements for membership in the EMU, coupled with economic impacts brought about by East German reconstruction, has resulted in high unemployment and other harsh realities. If Maastricht's rigid macroeconomic constraints are relaxed--if EMU balances its stress on inflation control and fiscal rectitude with equal emphasis on employment and growth--then rising unemployment may be reversed in the short run and conditions can be set for long-run improvement. If not, and if unemployment remains near or above 12 percent, then the worst is yet to come. What will happen to EMU will depend on the futures of the four key West European political economies: Germany, France, Italy, and the United Kingdom. The author derives four scenarios, ranging from a worst case to "a way out."".
- catalog contributor b10908492.
- catalog contributor b10908493.
- catalog contributor b10908494.
- catalog contributor b10908495.
- catalog contributor b10908496.
- catalog contributor b10908497.
- catalog contributor b10908498.
- catalog contributor b10908499.
- catalog coverage "Europe Economic conditions 1945-".
- catalog coverage "Europe, Western Economic conditions.".
- catalog coverage "Europe, Western Economic policy.".
- catalog created "1998.".
- catalog date "1998".
- catalog date "1998.".
- catalog dateCopyrighted "1998.".
- catalog description "As the start of the European Monetary Union (EMU) approaches, Western Europe may be heading for troubles that could extend to the United States. The problem lies in the West European political economy. The imposition of highly restrictive fiscal and monetary criteria laid down in Maastricht in 1991 as requirements for membership in the EMU, coupled with economic impacts brought about by East German reconstruction, has resulted in high unemployment and other harsh realities. If Maastricht's rigid macroeconomic constraints are relaxed--if EMU balances its stress on inflation control and fiscal rectitude with equal emphasis on employment and growth--then rising unemployment may be reversed in the short run and conditions can be set for long-run improvement. If not, and if unemployment remains near or above 12 percent, then the worst is yet to come. What will happen to EMU will depend on the futures of the four key West European political economies: Germany, France, Italy, and the United Kingdom. The author derives four scenarios, ranging from a worst case to "a way out."".
- catalog description "Figures -- Tables -- Two Decades: From Maastricht to Emu, from Emu to ...? -- From Then to Now -- The Question Why? -- The Economy of Western Europe Now: The Conventional Explanation -- What Happens Next? -- Original Schedule, Original Design, Original Hopes -- Original Schedule, Original Design, Failed Hopes -- Collapse or Significant Postponement -- Muddling Through -- The Political Economies of the Big Four -- Germany -- 1989-1991: Optimism -- 1992-1995: Realism -- 1996-1997: Pessimism -- The Future -- France -- 1981-1982: Radicalism -- 1983-1990: Reversal -- 1991-1995: Constraints -- 1996-?: The Future -- The French Malaise -- Italy -- A.D. 476-1994: Diffusion and Confusion -- 1994-?: The Future -- The United Kingdom -- 1979-1988: The Thatcher Ascendancy -- 1989-1992: Thatcher Falters -- 1992-1997: Major's Economic Victory and Political Loss -- The Future -- Conclusions: A Worst Case and a Better One -- A Worst Case: Europe, the World, and the United States -- Europe -- The World -- The United States -- A Better Alternative -- What Is Needed? -- But Is It Possible?".
- catalog extent "xvii, 61 p. :".
- catalog hasFormat "Western Europe, 1979-2009.".
- catalog identifier "0833026488 (pbk.)".
- catalog isFormatOf "Western Europe, 1979-2009.".
- catalog issued "1998".
- catalog issued "1998.".
- catalog language "eng".
- catalog publisher "Santa Monica, CA : RAND,".
- catalog relation "Western Europe, 1979-2009.".
- catalog spatial "Europe Economic conditions 1945-".
- catalog spatial "Europe, Western Economic conditions.".
- catalog spatial "Europe, Western Economic policy.".
- catalog spatial "Europe, Western.".
- catalog subject "330.94/055 21".
- catalog subject "Economic forecasting Europe, Western.".
- catalog subject "HC240 .L389 1998".
- catalog tableOfContents "Figures -- Tables -- Two Decades: From Maastricht to Emu, from Emu to ...? -- From Then to Now -- The Question Why? -- The Economy of Western Europe Now: The Conventional Explanation -- What Happens Next? -- Original Schedule, Original Design, Original Hopes -- Original Schedule, Original Design, Failed Hopes -- Collapse or Significant Postponement -- Muddling Through -- The Political Economies of the Big Four -- Germany -- 1989-1991: Optimism -- 1992-1995: Realism -- 1996-1997: Pessimism -- The Future -- France -- 1981-1982: Radicalism -- 1983-1990: Reversal -- 1991-1995: Constraints -- 1996-?: The Future -- The French Malaise -- Italy -- A.D. 476-1994: Diffusion and Confusion -- 1994-?: The Future -- The United Kingdom -- 1979-1988: The Thatcher Ascendancy -- 1989-1992: Thatcher Falters -- 1992-1997: Major's Economic Victory and Political Loss -- The Future -- Conclusions: A Worst Case and a Better One -- A Worst Case: Europe, the World, and the United States -- Europe -- The World -- The United States -- A Better Alternative -- What Is Needed? -- But Is It Possible?".
- catalog title "Western Europe, 1979-2009 : a view from the United States / Robert A. Levine.".
- catalog type "text".