The Political Economy of Fiscal and Monetary Stability in the EMU

December 17-19, 1998

The conference was hosted by the Centre de Recerca en Economia Internacional (CREI), and cosponsored by the Center for Economic Policy Research (CEPR), the European University Institute (EUI) and the European Commission Directorate General XII. The program was prepared by professors: Ramon Marimon (EUI, Florence and UPF, Barcelona), Albert Marcet (UPF, Barcelona), Giorgia Giovannetti (U. of Florence and EUI), Harald Uhlig (CeNTER, U. of Tilburg) and Philippe Weil (U. Libre de Bruxelles and CEPR).

The conference consisted of two and a half days of intense debate that ranged from current policy issues confronting EMU to theoretical issues regarding the foundation of fiscal and monetary policy design in EMU. Given such a scope and perspective, the contents of the conference remain relevant -possibly, even more- now that EMU is a few months old.