This book addresses a main area of debate of economic development in Europe--the extent to which the budget policy of national governments is competitive rather than co-operative. It focuses on three particular French macroeconomic policy since 1987, the reunification of Germany, and constraints on governmental budgeting powers imposed by national membership of EMU. The book evolved from deliberations of an international panel of distinguished economists brought together by OFCE in Paris. The issues are topical, but not ephemeral, and the exposition is accessible to undergraduate students, as well as others interested in the global economy.
Is a French economist of Sephardi Jewish descent. He currently is a Professor of Economics at the Institut d'Études Politiques de Paris, where he has taught since 1982. Fitoussi served as President of the Observatoire Français des Conjonctures Econoniques, an institute dedicated to economic research and forecasting, from 1989 to 2010. His research interests includes inflation, unemployment, and the role of macroeconomic policy. Starting from academic year 2010/11, he will teach in the first English taught Master Degree Course in International Relations at LUISS.