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Monetary Policy and the Macroeconomics of ‘Soft’ Growth

Jean‐Paul Fitoussi (Institut d'Etudes Politiques de Paris)

Palgrave Macmillan UK eBooks
DOI: 10.1007/978-1-4039-3961-6_7 (Economics, Econometrics and Finance)
License: not stated (all rights reserved)

Abstract: After the Second World War, European construction and the fulfilment of the national economic policy objectives of European Economic Community (EEC) countries formed a virtuous circle: the pursuit of policy objectives was facilitated by European construction, and the latter was greatly helped by the achievement of both full employment and rapid growth. The EEC was a means to the ultimate ends of economic activity; that is, rising standards of living in a cohesive society that could offer all its members a job and an opportunity for progress. The question ‘Why Europe?’ had such a self-evident answer that it was not even raised. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Published on 01 Jan. 2001