Fitoussi, Jean-Paul; Laurent, Eloi - 2009
two decades. Since we believe that the most important macroeconomic event in
the last two decades in the EU 15 was EMU … the euro area, but more generally EU 15 countries involved
at different stages of EMU, have relied on rules to govern … “structural reforms” of
social models to show how it has resulted in a weakening of “automatic stabilizers” that,
therefore, can …