Designing the new European Union [this volume based on papers delivered at the second CESifo-Delphi conferences (Munich, November 2003, and Delphi, June 2004)

This volume is based on papers delivered at the second CESifo-Delphi Conferences (Munich, November 2003, and Delphi, June 2004), which are jointly organized by CESifo and the Department of International and European Economic Studies of the Athens University of Economics and Business. The CESifo-Delphi Conferences are organized every two years and involve a two-stage process. Following an initial call for abstracts, a number of authors were selected and invited to present their papers at a workshop meeting in Munich. After further refereeing, some of the authors were invited to present (possibly revised) versions of their papers at the final conference meeting in Delphi. "Contributions to Economic Analysis" was established in 1952. The series purpose is to stimulate the international exchange of scientific information. The series includes books from all areas of macroeconomics and microeconomics. Content: Introduction to the Series Page v Preface Page xiii List of Contributors Pages xv-xvi Chapter 1 Designing Europe – A Survey of Tasks Ahead Review Article Pages 3-29 Helge Berger, Thomas Moutos Chapter 2 In Praise of the European Constitution: A Political Economics Perspective Review Article Pages 33-52 Gérard Roland Comment Pages 53-55 Lambros Pechlivanos Chapter 3 Institutional Aspects of EU Organization: An Economic Analysis Review Article Pages 57-83 Massimo Bordignon Comment Pages 85-90 Stefan Voigt Chapter 4 Welfare Policy Integration Inconsistencies Review Article Pages 91-119 Giuseppe Bertola Comment Pages 121-128 Laszlo Goerke Chapter 5 The EU Budget: How much Scope for Institutional Reform? Review Article Pages 129-159 Henrik Enderlein, Johannes Lindner, Oscar Calvo-Gonzales, Raymond Ritter Comment Pages 161-164 Margarita Katsimi Chapter 6 From the Stability and Growth Pact to a Sustainability Council for EMU Review Article Pages 167-190 Jürgen von Hagen Comment Pages 191-194 Wolfgang Eggert Chapter 7 Supervision of the European Banking Market Review Article Pages 195-222 Martin Schüler Comment Pages 223-228 Tuomas Takalo Chapter 8 Reasons and Implications of Inflation Differentials Within the European Monetary Union Review Article Pages 231-253 Ignazio Angeloni, Michael Ehrmann Comment Pages 255-261 Andrew Hughes Hallett Chapter 9 Black Tie Required? How to Enter a Currency Union Review Article Pages 263-283 Volker Nitsch Comment Pages 285-288 Sarantis Kalyvitis Subject Index Pages 289-291 This volume is based on papers delivered at the second CESifo-Delphi Conferences (Munich, November 2003, and Delphi, June 2004), which are jointly organized by CESifo and the Department of International and European Economic Studies of the Athens University of Economics and Business. The CESifo-Delphi Conferences are organized every two years and involve a two-stage process. Following an initial call for abstracts, a number of authors were selected and invited to present their papers at a workshop meeting in Munich. After further refereeing, some of the authors were invited to present (possibly revised) versions of their papers at the final conference meeting in Delphi. For more information regarding the CESifo-Delphi Conferences and the current call for papers, see www.cesifo.de The EU budget : how much scope for institutional reform? / Raymond Ritter -- From the stability and growth pact to a sustainability council for EMU / Jurgen von Hagen -- Supervision of the European banking market / Martin Schuler -- Reasons and implications of inflation differentials within the European monetary union / Michael Ehrmann -- Black tie required? How to enter a currency union / Volker Nitsch -- Designing Europe : a survey of tasks ahead / Thomas Moutos -- In praise of the European constitution : a political economics perspective / Gerard Roland -- Institutional aspects of EU organization : an economic analysis / Massimo Bordignon -- Welfare policy integration inconsistencies / Giuseppe Bertola Takes a quantitative approach to economic problems of practical importance