Title: Market and Government
Subtitle: Past and Future for a Democratic European Monetary Union
Subject Classification:  Economics and Finance, Politics and Government  
BIC Classification: JPF, KCJ
BISAC Classification: POL023000, BUS069030, BUS045000
Binding: Hardback, eBook
Planned publication date: Nov 2026
ISBN (Hardback): 978-1-80866-192-1
ISBN (eBook): 978-1-80866-193-8

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Description

This monograph offers a uniquely comprehensive and integrated critique of the European Monetary Union's (EMU) foundational architecture. The author argues that the EMU's institutional design, deeply rooted in the economic theories of the 1970s, has systematically generated macroeconomic imbalances, hindered growth, and increased vulnerability to financial crises. By tracing the theoretical and political origins of the EMU's core tenets—from central bank independence to fiscal constraints—the book exposes the sources of its persistent asymmetries. It proposes a holistic redesign for a more democratic and resilient EMU. This forward-looking agenda outlines a coordinated strategy that integrates monetary, macro-prudential, fiscal, industrial, and social policies to foster sustainable growth and financial stability. It is essential reading for academics, postgraduate students, and policymakers in the fields of political economy, European integration, and monetary and economic policy.

Biography

Author(s):  Dr Nicola Acocella is Professor Emeritus of Economic Policy at Sapienza University of Rome, Italy. With a distinguished career spanning several decades, he is a leading authority on European economic and monetary integration. His extensive body of work includes over 200 scholarly articles in prestigious journals, covering a wide range of fields including monetary and fiscal policy, macro-prudential regulation, welfare economics, and the political economy of globalization.

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