The Past, Present and Future of the European Union

ALBERTON BAGNAI University of Rome, Italy ROSELLA BARDAZZI University of Florence, Italy MICHELE BOLDRIN University of Minnesota, USA MAURIZIO GRASSINI University of Florence, Italy ARJAN LEJOUR Netherlands Bureau for Economic Research, The Hague, The Netherlands MATTHIAS LUTZ Universitat St-Gallen, Switzerland RICHARD NAHUIS Netherlands Bureau for Economic Research, The Hague, The Netherlands ROMANO PRODI President of the European Commission, Brussels, Belgium ROBERT M. STERN University of Michigan, Ann Arbor, USA ROBERTO TAMBORINI Università di Trento, Italy NUNO VALERIO Technical University of Lisbon, Portugal

Introduction; A.V.Deardorff The Euro and Enlargement; R.Prodi One 'Monetary Giant' with Many 'Fiscal Dwarfs': The Efficiency of Macroeconomic Stabilization Policies in the European Monetary Union; R.Tamborini Price Convergence under EMU: First Estimates; M.Lutz EU Expansion and EU Growth; A.V.Deardorff & R.M.Stern Regional Policies and Economic Growth in the EU; M.Boldrin EU Accession and the Catching-Up of the CEEC Countries; A.M.Lejour & R.Nahuis Measuring the Economic Impact of the Eastern European Enlargement on an EU Member State: The Case of Italy; R.Bardazzi & M.Grassini Dynamic Paths of the European Economy: Simulations with an Aggregated Model of the EMU as a Part of the World Economy; A.Bagnai Towards a European National Economy? Lessons from the Economic History of Europe; N.Valério