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THE GRADUATE CENTER OF CUNY
DEPARTMENTS OF ECONOMICS AND
POLITICAL SCIENCE -- ECON 84400/ P SC 83506 [91980]/ IDS 81640
POLITICAL
ECONOMY OF THE EUROPEAN UNION
H.M. Kaufmann
Office:
365 Fifth Ave., 5208.04
Office hours: Th. 15:00-16:00 and by appointment
Tel.:
212-817-2052
Fax:
212-817-1577
Spring 2008
The semester will deal with the analytical
foundation and the salient issues concerning the European Union (EU).
We will examine pertinent theories and the real world of politics and
economics which are tightly interlinked in the case of the EU.
With the latest enlargement of the EU (May1, 2004), European
integration has entered a new phase in what has been a remarkable
achievement in voluntary reduction of national sovereignties. The
center of decision-making in many policy areas (such as monetary,
labor, fiscal policy and trade policy, for instance), has partially
moved from the national to the transnational (international).
Participants in the seminar will gain a thorough understanding of
current developments unfolding in Europe and of the impact of European
policies and developments on neighboring countries and beyond.
Course Requirements:
There will be a final research paper that will be worth 75% of the
grade. Other requirements include: presentation of students= research
topics to the class (after consultation with the professors),
participation in class discussions and introduction of the reading to
the class by each student at least once a semester. Seminar
participants will be required to turn in a detailed outline of their
topics and bibliography by the end of October. The final research
paper is due the last day of class.
Highly recommended – a standard reference
work:
Turabian, Kate L., Wayne C. Booth Gregory G. Colomb Joseph M.
Williams. A Manual for Writers of Research Papers, Theses, and
Dissertations, Seventh Edition: Chicago Style for Students and
Researchers (Chicago Guides to Writing, Editing, and Publishing)
2007, 7th ed.
Required
Texts
Baldwin,
Richard and Charles Wyplosz: The Economics of European
Integration NY: MHP, 2006.
De Grauwe, Paul. Economics of Monetary Union. Oxford
University Press. Seventh Edition, 2007
Pelkmans, Jacques. European Integration. Mehtods and Economic
Analysis. NY: FT/Prentice Hall, 2006. Third edition..
Wallace, Helen and William, eds. Policy-Making in the
European Union. NY: Oxford UP, 2005. Fifth Edition.
Financial Times. Special student subscription available in
class.
https://www.ftnewspaper.com/cgi-bin/ftusa.cgi/fess/academic_info_page
Table of Contents
I. MOTIVES FOR EUROPEAN INTEGRATION - POLITICAL, ECONOMIC AND
HISTORIC ELEMENTS
II. COMMON AGRICULTURAL POLICY (CAP) - CONTROVERSIAL TO THIS DAY
III. COMPETITION POLICY - THE SINGLE EUROPEAN
MARKET - PROJECT 1992
IV. THE EUROPEAN ECONOMIC AND MONETARY UNION AND THE STABILITY AND
GROWTH PACT
V. (UN)EMPLOYMENT AND MIGRATION: MOBILITY
WITHIN AND BETWEEN AND BETWEEN EU COUNTRIES
VI. THE POLITICS AND ECONOMIC OF ENLARGEMENT AND THE STABILITY AND
GROWTH PACT (AGAIN)
VII.
REDUCTION OF REGIONAL DIFFERENCES - EUROPE AN OPTIMUM CURRENCY AREA
VIII. THE EU'S
ENLARGEMENT - WHERE WILL IT STOP? - TOO MUCH, TOO SOON?
I. MOTIVES FOR EUROPEAN INTEGRATION - POLITICAL, ECONOMIC AND HISTORIC
ELEMENTS
Baldwin and Wyplosz, Chs.1, 4-7
Pelkmans, Ch. 1
Wallace, “Institutions, Process, and Analytical Approaches” In
Wallace, Part I.
Alesina, Alberto and Roberto Perotti.
AThe
European Union: A Politically Incorrect View.@
Journal of Economic Perspectives, 18(4;
Fall 2004):27-48.
Cini, Michelle. European Union Politics. Oxford: OUP, 2003, reprinted
2004.
Mulligan, Casey B., Ricard Gil and Xavier Sala-i-Martin. “Do
Democracies Have Different Public Policies than Nondemocracies?”
Journal
of Economic Perspectives 18(1, Winter 2004):51-74.
Mundell, Robert A. "A Reconsideration of the Twentieth Century."
AER 90(3 June 2000):327-40.
Persson, Torsten and Guido Tabellini.
AConstitutions
and Economic Policy.@
Journal of Economic Perspectives 18(1; Winter 2004):75-
98.
Wiener, Antje and Thomas Diez. European Integration Theory.
Oxford: OUP, 2004.
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II. COMMON AGRICULTURAL
POLICY (CAP) - CONTROVERSIAL TO THIS DAY
Baldwin and Wyplosz, Ch. 8
Rieger, Elmar. "The Common Agricultural Policy." In Wallace, Ch. 6.
Ackrill, Robert W. " Reform 1999: A Crisis in the Making." JCMS
38(2:June 2000):343-53.
Daugbjerg, Carsten and Alan Swinbank, “The CAP and EU Enlargement.”
JCMS 42(1;March 2004):99-119.
-----. “The Politics of CAP Reform: Trade Negotiations, Institutional
Settings and Blame Avoidance.” JCMS 45(1; March 2007):1-22.
Greer, Alan. Agricultural Policy in Europe. Manchester & NY:
Manchester University Press, European Policy Research Unit Series,
2005.
III.
COMPETITION POLICY - THE SINGLE EUROPEAN MARKET - PROJECT 1992
Baldwin and
Wyplosz, Ch. 9
McGowan, Francis. "Competition Policy." In Wallace and Wallace, Ch. 5.
Woolcock, Stephen. "European Trade Policy." Wallace, Ch. 14.
Young, Alasdair R. "The Single Market." In Wallace and Wallace, Ch. 4.
Hölscher, Jens and Johannes Stephan.
“Competition Policy in Central and Eastern Europe in the Light of
EU Accession.” JCMS
42(2; June 2004):321-45.
Marginson, Paul and Keith Sisson. “European Integration and Industrial
Relations.” JCMS 40 (4, November 2002):671-92.
Nicoletti, Giuseppe and Stefano Scarpetta. “Regulation, Productivity
and Growth: OECD Evidence.”
Economic Policy
36(April 2003):9-72.
Young, Alistair R. “The Single European Market and World Trade.”
JCMS 42(2; June 2004):393-414.
Multilingualism
Fidrmuc, Jan and Victor Ginsburgh. “Languages in the European Union:
The quest for Equality and Its Cost.” European Economic Review
51(2007):1351-69.
IV. THE
EUROPEAN ECONOMIC AND MONETARY UNION AND THE STABILITY AND GROWTH PACT
Baldwin and Wyplosz,
10-16
De Grauwe, Paul. Economics of Monetary Union.
Alesina, Alberto and Vittorio Grilli,
"On the Feasibility of a One-Speed or Multispeed European Monetary
Union." In Eichengreen,
Barry and Jeffry Frieden,
eds. The Political Economy of European Monetary Unification,
Ch. 6.
Amato, Jeffrey et al.
AResearch
on Exchange Rates and Monetary Policy: An Overview.@
BIS Working Papers, No 178. June 2005
Artis, Michael J. and Marco Buti. "'Close-to-Balance or in Surplus': A
Policy-Maker's Guide to the Implementation of the Stability and Growth
Pact." JCMS 38(4,
November 2000):563-92.
Brunila, Ann, Marco Buti and Daniele Franco, The Stability and
Growth Pact: The Architecture of Fiscal Policy in EMU. NY:
Palgrave/St. Martin’s Press, 2001.
Buti, Marco and Gabrielle Guidice. “Maastricht’s Fiscal Rules at Ten:
An Assessment.” JCMS 40 (5, December 2002):823-48
Cohen, Benjamin J. “Can the Euro Ever Challenge the Dollar?” JCMS
41(4; September 2003):575-95.
Cooper, Richard N. and Jane Sneddon Little. “U.S. Monetary Policy in
an Integrating World:1960 to 2000.” Federal Reserve Bank of Boston,
New England Economic
Review, (2001,
3):33-56.
www.bos.frb.org/economic/neer/neer.htm
De Grauwe, Paul. “Challenges for Monetary Policy in Euroland.” JCMS
40, (4, November 2002):693-718.
Donnelly, Shawn. Reshaping Economic and Monetary Union: Membership
Rules and Budget Policies in Germany, France and Spain.
Manchester-New York: Manchester
University Press, 2004.
Dornbusch, Rudi. "Fewer Monies, Better Monies." American Economic
Review 91(2; May 2001), Papers and Proceedings, pp.238-47.
Eichengreen, Barry and David Leblang. “Exchange Rates and Cohesion.”
JCMS 41 (5, December 2003):797-822.
Issing, Otmar. “On Macroeconomic Policy Co-ordination in EMU.” JCMS
40,(2, June, 2002):345-58.
Kahn, George A. And Scott Benolkin, “The Role in Monetary Policy: Why
Do the Fed and ECB See It So Differently?” FRB of Kansas City,
Economic Review, Third
Quarter, 2007, Vol.
92(3):5-36.
http://www.kansascityfed.org/PUBLICAT/ECONREV/PDF/3q07kahn.pdf
Kaufmann, Hugo M. "From EMS to European Economic and Monetary Union…,"
in Kurz, Ed., German Unification and European Integration.
McCallum, Bennett T. “Theoretical Issues Pertaining to Monetary
Unions.” NBER Working Paper No. w7393 (October 1999).
Mongelli, Francesco Paolo. “New” Views on the Optimum Currency
Areas Theory: What Is EMU Telling Us? ECB, Working Paper Series,
Working Paper No. 138, April
2002. [Excellent overview
of historical/analytical development of OCA theory.]
Mundell, Robert. ‘A Theory of Optimum Currency Areas.” AER 51
(4, September 1961): 657-65 [locus classicus]
Segers, Mathieu and Femke van Esch, “Behind the Veil of Budgetary
Discipline: The Political Logic of the Budgetary Rules in EMU and the
SGP.” JCMS, 45(5; December
2007):1090. References to
this point of view are given there.
Youngs, Richard. "The Politics of the Single Currency: Learning the
Lessons of Maastricht." JCMS 37(2:June 1999)295-316.
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V. (UN)EMPLOYMENT AND MIGRATION: MOBILITY WITHIN AND BETWEEN AND BETWEEN
EU COUNTRIES
Baldwin and Wyplosz, Ch. 17
Balakrishnan, Ravi and Claudio Michelacci, "Unemployment dynamics
across OECD countries," European Economic Review, 45(1;
2001):135-65.
Bhagwati, Jagdish, Arvind Panagariya and T.N. Srinivasan. “The Muddles
over Outsourcing.” Journal of Economic Perspectives,
18(4; Fall
2004):93-114.January 6, 2005.
Blanchard, Olivier. “Explaining European Unemployment.” NBER
Reporter: Research Summary 2004.
Blanchard, Olivier and Lawrence F. Katz. "What Do We Know About the
Natural Rate of Unemployment?" Journal of Economic
Perspectives 11 (1, Winter 1997):51-72.
Commission of the European Communities "Integrated Guidelines for
Growth and Jobs (2005-2008)" Communication to the Spring
European Council
"Integrated Guidelines for Growth and Jobs (2005-08).
Communication from the Commission to the Council and the European
Parliament "Common Actions for Growth and Employment:
The Community Lisbon
Program"
Commission Staff Working Paper "Working together for growth and jobs -
Next in implementing the revised Lisbon strategy."
Guiraudon, Virginie. "European Integration and Migration Policy."
JCMS 38(2:June 2000):251-71.
Ireland, Patrick. Becoming Europe: Immigration, Integration,
and the Welfare State. Pittsburgh, PA: University of Pittsburgh
Press,
2004.
Kraus, Margit and Robert Schwager. “EU
Enlargement and Immigration.“
JCMS 42(1; March
2004):165-81.
Saint-Paul, Gilles. “Why
are European Countries Diverging in their Unemployment Experience?”
Journal of Economic Perspectives,
18(4; Fall 2004):49-68.
Schimmelpfennig, Axel. "Structural Change of the Production Process
and Unemployment in Germany." Kieler Studien 307. Tübingen
2000.
Sinn, Hans-Werner and Wolfgang Ochel. “Social Union, Convergence and
Migration.” JCMS 41 (5, December 2003):869-96.
VI. THE POLITICS AND ECONOMICS OF ENLARGEMENT AND THE STABILITY AND
GROWTH PACT (AGAIN)
Baldwin and Wyplosz, passim
B
see Index under
Aenlargement@
Barry, Frank. “Integration and Convergence in the Cohesion Countries.”
JCMS 41 (5, December 2003): 897-922
Buti, Marco,
AWill
the New Stability and Growth Pact Succeed? An Economic and Political
Perspective. European Commission,
European Economy,
Economic Papers No. 241, January 2006. http://europa.eu.int/comm/economy_finance/index_en.htm
Devereux, Michael B. “EU Accession and Alternative Monetary Policies.”
JCMS 41 (5, December 2003):941-62.
European Central Bank, International Relations Committee Task Force on
Enlargement, "Macroeconomic and Financial Stability: Challenges for
acceding and Candidate
Countries." Occasional
Paper Series, No. 48, July 2006.
http://www.ecb.int
Grabbe, “European Union Conditionality and the Acquis Communeautaire,”
IPSR, 2002, Vol.23, No.3, 249-268.
Guillén and Palier, “Introduction: Does Europe matter? Accession to EU
and social policy developments in recent and new member states,”
Journal of European Social
Policy, 2004,
Vol.14, No.3, 203-209.
Heidenreich, “Regional inequalities in the enlarged Europe,”
Journal of European Social Policy, 2003, Vol.13, No.4,
Nello, “Preparing for Enlargement in the European Union: The Tensions
between Economic and Political Integration,” IPSR, Vol.23,
No.3, 297-317
Uvalic, “Regional Cooperation and the Enlargement of the European
Union” Lessons Learned? IPSR, 2002, Vol.23, No.3, 319-333.
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VII.
REDUCTION OF REGIONAL DIFFERENCES - EUROPE AN OPTIMUM CURRENCY AREA
Baldwin and
Wyplosz, Chapter 9
Boldrin,
Michele and Fabio Canova. "Inequality and Convergence in Europe's
Regions: Reconsidering European Regional Policies." Economic Policy,
32 (April 2001):205-
53.
Bourne, Angela K. “The Impact of
European Integration on Regional Power.” JCMS 41(4; September
2003):597-620.
Cappelen, Aadne et al. “The Impact of EU Regional Support on Growth
and Convergence in the European Union.” JCMS 41(4;
September 2003):621-44.
Deutsche Bundesbank, “Effects of Eastward Enlargement of the EU on the
German Economy.” Monthly Report (May 2004):5-22.
Marek, Dan and Michael Baun. “The EU as a Regional Actor: The case of
the Czech Republic.” JCMS 40(5; December 2002):895-
919.
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VIII. THE
EU'S ENLARGEMENT - WHERE WILL IT STOP? - TOO MUCH, TOO SOON?
Forster and Wallace, Ch. 17, in Wallace and Wallace.
Manzocchi, Stefano (ed.), The Economics of Enlargement: Central
Issues in Contemporary Theory and Policy. NY: St. Martin’s Press,
2003.
Alesina, Alberto and Francesco Giavazzi. The Future of Europe:
Reform or Decline. Cambridge, MA: 2006.
Ash, Timothy Garton. Free World. NY: Random House, 2004.
Blanchard, Olivier. “The Economic Future of Europe.” Journal of
Economic Perspectives, 18(4; Fall 2004):3-26.
Carlsnaes, Walter, Helene Sjursen, and Brian White (eds.).
Contemporary European Foreign Policy. Sage, 2004.
Cimbalo, Jeffrey L. “Saving NATO from Europe.” Foreign Affairs
(November/December):111-20.
Ginsberg, Roy H.. The European Union in International Relations.
Rowman & Littlefield, 2001.
Habermas, Juergen and Jacques Derrida, “February 15, or What Binds
Europe Together: A Plea for a Common Foreign Policy, Beginning in the
Core of Europe.”
Constellation,
Vol. 10.No.3, 2003.
Holland, Martin. The European Union and the Third World. New
York: Palgrave, 2002.
Gärtner, Heinz, Adrian Hyde-Price and Erich Reiter, Europe's New
Security Challenges. Boulder, CO: Lynne Rienner, 2002.
Howorth, Jolyon. “European Defence and the Changing Politics of the EU:
Hanging Together or Hanging Separately?” JCMS 39(4; November
2001):765-89.
Kagan, Robert. Of Paradise and Power. America and Europe in the New
World Order. Alfred A. Knopf, 2003.
Kenen, Peter, “Transatlantic Relations and the Global Economy”North
American Journal of Economics and Finance, 15(2004):149-59.
Nicolaidis, Kalypso. “We, the Peoples of Europe...” Foreign Affairs,
(November/December 2004):97-110.
Piening, Christopher, Global Europe. The European Union in World
Affairs. Boulder: CO: Lynne Rienner, 1997.
Reid, T.R. The United States of Europe; The new Superpower and the
End of American Supremacy. N.Y.: The Penguin Press, 2004.
Smaghi, Lorenzo Bini. “A Single EU Seat in the IMF?” JCMS
42(2;June 2004):229-48.
Smith, Karen E. The Making of EU Foreign Policy. The Case of
Eastern Europe. Second Edition. New York: Palgrave: 2004.
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