chapter  6
The future of the euro: a public choice perspective
A public choice perspective Introduction and overview
ByRoland Vaubel
Pages 36

Public choice analysis can be helpful in predicting the course of European monetary integration and policy. The median (or decisive) voter theorem, the theory of the political business cycle and the economic theory of bureaucracy are all applicable. The purpose of this paper is to explain and predict the behaviour of the European Central Bank (ECB) and the Council of Ministers on the basis of the available empirical evidence.