Designing the European Model

This book examines existing problems in the European economy, focusing on labor markets, macroeconomic issues, financial architecture and competition policy.

This book examines existing problems in the European economy, focusing on labour markets, including labour market reform and outsourcing, as well as macroeconomic issues, such as macroeconomic stabilization in the Euro area and convergence and divergence in economic growth in the EU. The book also looks at rethinking subsidiarity in the EU, financial architecture and competition policy.

SEPPO HONKAPOHJA is Chairman of the European Economic Advisory Group, CESifo, Germany. FRANK WESTERMANN is a Professor in the Department of Economics at the University of Osnabrueck, Germany.

PART I: LABOUR MARKETS * Welfare to Work * Labour Market Reform in Europe * Pay-Setting Systems in Europe * Outsourcing * Longer Working Hours * PART II: MACROECONOMIC ISSUES * Fiscal Policy and Macroeconomic Stabilization in the Euro Area * The Road to the Euro * Pensions and Children * Convergence and Divergence in Economic Growth in the EU * Global Imbalances * PART III: INSTITUTIONS * Rethinking Subsidiarity in the EU * Financial Architecture * Education Systems in the EU * Competition Policy