Reforming the Eurozone is a top priority on the European policy agenda. France and Germany are expected to launch a … acceptable not only to Germany and France, but to all member states including those plagued by high debt levels and sluggish … joint initiative to reform the institutions of the currency union. To be successful, this initiative will have to be …

in Germany 2020. We find that the annualized growth rate of expenditures for durables increased by 6 percentage points …

We use a novel methodology for modeling the socio-economic impacts of economic crisis in Germany, and apply it to …

effectiveness of stabilization policy. If so, monetary union will not necessarily be welfare improving. In this paper, we study a … bank moves before the fiscal authorities, then a monetary union will increase welfare as long as fiscal policy is …

experiment in place during France's ancien régime: the salt tax. Introduced in the late 13th century and abrogated by the French …