What’s New in the The Palgrave Dictionary of Economics ?

The latest update of the Palgrave Dictionary of Economics consists of the following articles:

European Monetary Union
Paul De Grauwe
This article explores the development of Economic and Monetary Union in Europe from the Second World War through to the end of 2010.This article discusses its successes and failures, analyzes the fragility of EMU, and identifies two sources of this fragility. Finally, it discusses governance issues and the nature of the political institutions that will be necessary to sustain the European Monetary Union.

European Union Budget
Mojmir Mrak
This article starts by presenting the concept and evolution of the EU budget. It then discusses the principles and procedures governing its adoption and implementation, presenting the key features of the expenditure and revenue sides of the EU budget.

European Union (EU) Trade Policy
Stephen Woolcock
This contribution provides an overview of the evolution of EU policy, a summary of the EU’s positions on key issues in international trade and a summary of the decision-making procedures in EU external trade policy after the adoption of the Lisbon Treaty.

Dale Mortensen
Rasmus Lentz
This article studies Dale T. Mortensen (born 1939) who was awarded the Nobel Prize for Economics in 2010 jointly with Peter A. Diamond and Christopher A. Pissarides for his work on the analysis of markets with search frictions. An empirically motivated theoretical economist, Mortensen has made a tremendous contribution to the field of labour economics.

Christopher Pissarides
Richard Jackman
This articles studies Professor Christopher Pissarides, who was awarded the 2010 Nobel Prize in Economics jointly with Peter Diamond and Dale Mortensen ‘for their analysis of markets with search frictions’.

Two-part tariffs
Nikolaos Vettas
This article analyses the two-part tariff, a pricing scheme according to which the buyer pays to the seller a fixed fee and a constant charge for each unit purchased.

For these and other articles, click on The Palgrave Dictionary of Economics on findit.lu.