Curse or Blessing. The implementation of the European Monetary Union and its impact on the income distribution in Europe

Term Paper , 2014 , 20 Pages , Grade: 1,0

Politics - Topic: Globalization, Political Economics

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."

Contents

List of figures

List of tables

Abbreviations

1. Introduction

2. Theory and literature

3. Empirical Evidence
3.1 Income inequality between EMU countries
3.2 Income inequality on the national level

4. Why has the EMU no significant positive effect on income distribution?

5. Concluding remarks

6. References

• College: University of Hamburg (Department of Economics)
• Course: Globalization, Development, Poverty & Inequality
• Grade: 1,0
• Author: Julian Hoffmeister (Author)
• Year: 2014
• Pages: 20
• Catalog Number: V305717
• ISBN (eBook): 9783668036406
• ISBN (Book): 9783668036413
• Language: English
• Tags: curse, blessing, european, monetary, union, europe