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An Agenda for a Growing EuropeThe Sapir Report$
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André Sapir, Philippe Aghion, Giuseppe Bertola, Martin Hellwig, Jean Pisani-Ferry, Dariusz Rosati, José Viñals, Helen Wallace, Marco Buti, Mario Nava, and Peter M. Smith

Print publication date: 2004

Print ISBN-13: 9780199271481

Published to Oxford Scholarship Online: July 2005

DOI: 10.1093/0199271488.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 02 December 2020

Economic trade-offs

Economic trade-offs

Chapter:
(p.84) 5 Economic trade-offs
Source:
An Agenda for a Growing Europe
Author(s):

André Sapir (Contributor Webpage)

Philippe Aghion (Contributor Webpage)

Giuseppe Bertola

Martin Hellwig (Contributor Webpage)

Jean Pisani-Ferry (Contributor Webpage)

Dariusz Rosati

José Viñals

Helen Wallace

Marco Buti

Mario Nava

Peter M. Smith

Publisher:
Oxford University Press
DOI:10.1093/0199271488.003.0005

This chapter analyses trade-offs or complementarities in the relationship between the EU’s three main economic objectives: growth, stability, and cohesion. It examines how trade-offs and complementarities can be improved for higher sustained growth in a macroeconomically stable and cohesive enlarged union. Despite the significant progress made towards economic and monetary integration, the EU economic system was unable to achieve satisfactory growth performance. However, a high degree of cohesion has been maintained and high macroeconomic stability achieved.

Keywords:   European Union, economic performance, growth, macroeconomic stability, cohesion, trade-off, complementarities

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