This paper, using a microfounded macroeconomic model that embeds the key features of the Greek economy, studies the … ECB, like the PEPP, for the Greek economy? Do they help the real economy and, if yes, by how much? What would have …

Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much … political economy channel of EMU as the monetary union implies that member states had to transfer or at least curtail their … impact of political shocks on the domestic economy of member states but magnified the transmission of political shocks within …