A Public Choice Perspective
Edited by Giuseppe Eusepi and Friedrich Schneider
Giuseppe Eusepi and Friedrich Schneider The essays collected in this volume address a host of issues related to the much-studied EU’s ﬁscal and monetary institutions. The works date from 2001, a time when interacting breakthroughs in ﬁscal and monetary matters were under way that made possible the introduction of the euro in 2002. What used to be called the EMS (European Monetary System) at the end of the 1970s is reckoned to have begun the process of institutional reforms which was gathering pace by the end of 1980s and which took oﬀ in the 1990s with the Maastricht Treaty (1992) and the Amsterdam Treaty (1997), with its Stability and Growth Pact. Of this institutional productivity the present volume attempts to present a representative selection. And even those who are well informed can beneﬁt from a clear account of aspects and solutions they may have taken for granted. Had the conference concerned itself only with a pure retrospective on ﬁscal and monetary institutions, the need for a volume might have seemed less pressing. The essays collected in this volume oﬀer instead a perspective on a wide variety of current ﬁscal and monetary issues. These issues are discussed in nine chapters, each of which is made up of a presentation followed by one comment, in some cases two, except for Chapter 4. The comments are provocative and help readers to unearth subtleties and nuances underlying the various contributions. The analysis of the status quo regarding institutions that have evolved in...