This book brings together a range of economists to provide a balanced look at recent EU dynamics and economic performance, as well an exploration of future issues facing member states.This book provides a balanced overview of EU economic dynamics over the last decade. It brings together contributors from old and new EU member states, as well as from the US. It explores the economic challenges and issues facing the EU in the future.With contributions on many aspects of European economic performance, this book is an essential resource for all academics interested in European economics.
Introduction; PART I: EU PERSPECTIVES: SYSTEMIC PERFORMANCE AND CURRENCY ISSUES; The Swedish Economic Model: Lessons To Be Learned; K.Aiginger; European Central Bank Inflation Target And The Economic Growth In The Eurozone; S.Kapounek and L.Lacina; Real Effective Exchange Rate for the Euro: Equilibrium and Misalignment; A.Rusek; Exchange rate policy strategy in the large-currency areas; S.Kapounek and J.Pomenkova; Euro Area Enlargement and European Central Bank Reform; D.Howarth; PART II: EU EXPANSION: NEW MEMBERS IN THE EU ENVIRONMENT; Fiscal Convergence in Monetary Union: Are Pilgrims to EMU Better Disciplined than Eurozone Members?; E.Kocenda, A.M.Kutan and T.M.Yigit; Business Cycles Similarity and EMU Enlargement: The Concordance Index for Central and Eastern European Countries; P.Rozmahel; Monetary Policy before Euro Adoption: Challenges for EU New Members; J.Filacek, R.Horvath and M.Skorepa; Fiscal performance and economic growth in the old and new member states of the EU; I.Benczes; PART III: VARIOUS ASPECTS OF EU ECONOMIES: CHINA AND THE WORLD ECONOMY, FDIs, COMPANY TAXATION, ECB AND THE 'NEW' MEMBER STATES; Company Taxation in the European Union - Current Developments and Implications for the Coordination Debate; M.Schratzenstaller; Policy of the ECB and its Impact on Economic Development of New Members of EU; M.Sojka; New Global Players and Disharmonies in the World Orchestra: Cohesion Analysis of Business Cycles of China; J.Fidrmuc, I.Korhonen and I.Batorova.