This Element examines efforts to strengthen Economic and Monetary Union in the European Union, especially over the last decade, asking if enough has been done to render it more sustainable and resilient. Drawing on a survey of 111 leading experts on the economics and politics of EMU, this Element reviews the wide-ranging reforms undertaken since the crises of the early 2010s and assesses whether they go far enough. Although it concludes that much has been done to push the euro towards being a more complete currency, it identifies remaining flaws and challenges which EU leaders need to resolve.

Applied economics is both an art and a science. It requires a sound knowledge of economic theory, statistical techniques and data sources, together with an appreciation that behavioural changes can alter apparently established economic relationships. In this book leading economists illustrate the diversity of the subject, and present a series of studies that demonstrate a range of techniques and their applications to economic policy. It contains chapters which explore approaches to macroeconomic modelling analyses of corporate performance, new estimates of the evolution of incomes in the UK since the eighteenth century and assessments of the role of applied economics in guiding macroeconomic policy. All the chapters were specially commissioned to mark the fiftieth anniversary of the Department of Applied Economics at the University of Cambridge, and the contributions to the book are a fitting tribute to the work instigated by Sir Richard Stone and carried forward by his successors.

As the European Union moves towards full economic and monetary union, the system used to finance the Union will have to change. The current arrangements were designed for a small community at a relatively low stage of integration. This book considers options for reforming the Union Budget to make it more appropriate for the challenges which will face the Union in the next century. It proposes an agenda for gradual reform which takes into account both the political and economic constraints on the Union. This title is published in conjunction with UACES, the University Association for Contemporary European Studies. UACES web site can be found at www.uaces.org

EU Cohesion policy, along with support for agriculture and rural development, is one of the main items of EU spending. As such, the performance of the policy has come under increasing scrutiny. Perhaps surprisingly, however, past attempts to assess the effectiveness of the EU's have proved to be highly ambivalent. This book examines the long-term achievements of Cohesion policy from 1989 to 2012 and draws out the main policy implications. Originally undertaken for the European Commission by the authors, this major longitudinal study adopts an innovative approach to assessing the effectiveness and achievements of this policy, building on case studies of 15 regions from different parts of Europe. The rationale for the book is to present the findings of the research in a concise and digestible manner that will be of value to policy-makers across the EU and to academics interested in the past effectiveness and future direction of the policy. The research brings out messages for the conduct of Cohesion policy in the current programme period, covering 2014-2020. It also has implications for the debates, already launched, on how Cohesion policy might evolve after 2020."

EU Cohesion policy, along with support for agriculture and rural development, is one of the main items of EU spending. As such, the performance of the policy has come under increasing scrutiny. Perhaps surprisingly, however, past attempts to assess the effectiveness of the EU's have proved to be highly ambivalent. This book examines the long-term achievements of Cohesion policy from 1989 to 2012 and draws out the main policy implications. Originally undertaken for the European Commission by the authors, this major longitudinal study adopts an innovative approach to assessing the effectiveness and achievements of this policy, building on case studies of 15 regions from different parts of Europe. The rationale for the book is to present the findings of the research in a concise and digestible manner that will be of value to policy-makers across the EU and to academics interested in the past effectiveness and future direction of the policy. The research brings out messages for the conduct of Cohesion policy in the current programme period, covering 2014-2020. It also has implications for the debates, already launched, on how Cohesion policy might evolve after 2020."