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Chapter III. The World Economy

Published online by Cambridge University Press:  26 March 2020

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Extract

Our forecast of the total increase in output in the OECD area is about 3 1/2 per cent for both this year and next (table 1), with slightly higher rises in each case for industrial production. Since May we have become, marginally, more optimistic about 1978 but less optimistic about 1979.

Type
Articles
Information
National Institute Economic Review , Volume 85 , August 1978 , pp. 20 - 29
Copyright
Copyright © 1978 National Institute of Economic and Social Research

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References

(1) For a summary of past experience in European monetary integration, see D. Coffey and J. R. Presley, European Monetary Integration, Macmillan, London 1971.

(1) L. Tsourkalis, ‘Is the re-launching of Economic and Monetary Union a feasible proposal?’, Journal of Common Market Studies, June 1977, p. 243.

(2) Bulletin of the European Communities, no. 4, 1975, p. 29.

(3) Report of a Federal Trust/UACES Study Group chaired by William Wallace, ‘The administrative implications of Economic and Monetary Union within the European Com munity,’ Journal of Common Market Studies, Vol. XII, no. 4, 1974, p. 412.

(4) ‘Attainment of the Economic and Monetary Union’, Bulletin of the European Communities, Supplement no. 5, 1973, p. 7.

(1) Bulletin of the European Communities, no. 11, 1976, p. 29.

(2) Bulletin of the European Communities, no. 2, 1978, p. 9.

(3) Bulletin of the European Communities, no. 12, 1977, p. 24.

(4) The Economist, 15 April 1978.

(5) The Economist, 22 April 1978.

(6) The Economist, 15 July 1978.

(1) Bulletin of the European Communities, no. 10, 1977, p. 17.

(2) Report of the Study Group on the Role of Public Finance in European Integration, Commission of the European Com munities, Brussels, April 1977, p. 16.

(3) European Union Report by Mr Leo Tindemans to the European Council, Bulletin of the European Communities, Supplement no. 1, 1976.

(4) Bulletin of the European Communities, no. 10, 1977, p. 8.

(5) As described, for example, in R. A. Mundell, ‘A Theory of Optimal Currency Areas,’ American Economic Review, September 1961.