Chair holder: Ramon Marimon
The Robert Schuman Centre hosts the Pierre Werner Chair Programme on Monetary Union, named in memory of Pierre Werner, one of the architects of economic and monetary union, and generously funded by the Luxembourg Government.
Economic and monetary union will make it possible to realize an area within which goods and services, people and capital will circulate freely and without competitive distortions, without thereby giving rise to structural or regional disequilibrium
Werner Report, 1970.
Almost fifty years later, the successful development of the European Union and the EMU has vindicated – and, in most dimensions, gone beyond – the farsighted vision of Pierre Werner. But the EU experience – in particular, the euro crisis – has also shown how difficult it is to eliminate ‘structural or regional disequilibrium’ or to eliminate ‘competitive distortions’ while fostering growth, macroeconomic stability and maintaining or developing the European Welfare state(s).
Fortunately, these and related challenges nourish new research in macroeconomic theory, policy and institutional design, which provides a theoretical and empirical basis to the EMU policy debate and the further development of its architecture. To contribute to this research defines the agenda of the Pierre Werner Chair and its activities.
Topics
- Economic governance in the European Union
- Enlargement of the European Union and the adaptations implied both for the arrangements for economic and monetary union and for the future member states
- The economic and political requirements and consequences of a revised Stability and Growth Pact
- Public finance issues in the context of EMU
- The growth and development of European financial institutions
- The regulation and operations of financial markets in the European Union
- The design of monetary stabilization policies, goals and instruments - with a comparative analysis of the experience of the European Central Bank, the US Federal Reserve system
- The economic and institutional consequences of the Euro in the world monetary system.
Resources
Latest publications:
- Beukers, T., De Witte, B., Kilpatrick, C. (eds) (2017), Constitutional change through Euro-crisis law, Cambridge University Press, UK.
- Beukers, T. (2017), The Eurozone Crisis and the Autonomy of Member States in Economic Union: Changes and Challenges, in: Research Handbook on the Law of the EU's Internal Market, Edgar Edgar Publishing.
- Blundell, R., Cantillon, E., Chizzolini, B., Ivaldi, M., Leininger, W., Marimon, R., Matyas, L., Steen, F. (2017), Economics without borders: Economic research for European Policy Challenges, Cambridge University Press (UK)
Featured events:
- ADEMU Final Conference, European University Institute, 9-10 May 2018, hosted in conjunction with The State of the Union 2018.
- Preventing global and domestic risks with fiscal and monetary policies, Banque de France – EUI conference. Hosted at the EUI in Florence, 18-19 October 2018.
Associated activities
Horizon 2020 project ADEMU (A Dynamic Economic and Monetary Union), from June 2015 to May 2018. Coordinated by Professor Ramon Marimon.
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The European Commission supports the EUI through the European Union budget.