In recent years there has been a growing concern about inequality in Europe among politicians, economists and the population. In 2013 in her speech at the World Economic Forum in Davos, Christine Lagarde underpinned the importance of equal distribution by saying that "Excessive inequality is corrosive to growth; it is corrosive to society. I believe that the economics profession and the policy community have downplayed inequality for too long. Now all of us - including the IMF - have a better understanding that a more equal distribution of income allows for more economic stability, more sustained economic growth, and healthier societies with stronger bonds of cohesion and trust."
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Theory and literature
- Empirical Evidence
- Income inequality between EMU countries
- Income inequality on the national level
- Why has the EMU no significant positive effect on income distribution?
- Concluding remarks
- References
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This seminar paper examines the impact of the European Monetary Union (EMU) on income distribution in Europe. The paper explores whether the introduction of the Euro has contributed to a more equal income distribution or, on the contrary, has amplified existing disparities.
- The impact of the EMU on income inequality in Europe
- The role of the EMU in reducing regional disparities
- The relationship between income inequality and economic growth in the EU
- The potential consequences of income inequality within the EMU
- Policy measures to address income inequality in the EMU
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter sets the stage for the research, highlighting the growing concern over income inequality in Europe and the importance of addressing this issue. It underscores the EU's commitment to reducing regional disparities and the potential consequences of unequal distribution for the stability and cohesion of the EU. It also introduces the EMU and its goal of promoting economic integration within Europe.
- Theory and literature: This chapter delves into the theoretical frameworks and existing literature that provide insights into the relationship between currency unions, economic integration, and income distribution. It explores relevant theories and empirical studies that inform the research question.
- Empirical Evidence: This chapter presents statistical data and evidence to assess the impact of the EMU on income distribution in Europe. It examines trends in income inequality both between EMU countries and on the national level, utilizing relevant data sources and indicators.
- Why has the EMU no significant positive effect on income distribution?: This chapter analyzes the underlying reasons why the EMU has not demonstrably contributed to a more equal income distribution in Europe. It explores potential factors that may have hindered the EMU's ability to reduce income disparities, drawing upon economic theories and empirical findings.
Schlüsselwörter (Keywords)
This paper focuses on the impact of the European Monetary Union (EMU) on income distribution in Europe, encompassing topics such as income inequality, economic integration, regional disparities, and the Euro. It draws upon relevant research, statistical data, and economic theories to analyze the relationship between the EMU and income distribution, exploring factors that influence this relationship and potential policy implications.
- Quote paper
- Julian Hoffmeister (Author), 2014, Curse or Blessing. The implementation of the European Monetary Union and its impact on the income distribution in Europe, Munich, GRIN Verlag, https://www.grin.com/document/305717
