The financial crisis and subsequent recession have sharply exacerbated divergences and tensions in the Euro area and in the EU as a whole. The Greek economy is in deep crisis and several other European states face similar pressures. The policies of the EU and the stronger members states are...

The course consists of several distinct, but interconnected lectures: · Lecture 1. Simple Models of Policy Interactions: Some Monetary Doctrines · Lecture 2. Fiscal Theory of the Price Level · Lecture 3. Policy Interactions with Tax Distortions · Lecture 4. Fiscal Limits · Lecture 5. Policy...