In this volume, a group of distinguished economists and political scientists analyzes the political economy of European integration. This book will be of great interest to observers, scholars, and students of European economic and political affairs, macroeconomic policy, institutional analysis, and comparative and international political economy.

1 The Political Economy of European Integration: Introduction.- 2 Central Bank Independence and the Short-Run Output-Inflation Trade-off in the European Community.- 3 The Sectoral Composition of Trade Unions, Corporatism, and Economic Performance.- 4 The Logic of Currency Crises.- 5 Macroeconomic and Political Determinants of Realignment Expectations: Some European Evidence.- 6 Political Biases in Fiscal Policy: Reconsidering the Case for the Maastricht Fiscal Criteria.- 7 Fiscal Convergence Criteria, Factor Mobility and Credibility in Transition to Monetary Union in Europe.- 8 Regional Wage Differentials: A Comparison of the European Union and the United States.- 9 Economic Integration and Unemployment in the EFTA Countries.- 10 European Integration and the Regionalization of World Trade and Currencies: The Economics and the Politics.- Contributors and Editors.