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This policy brief warns about the risks of discontinuing the policy responses to the COVID-19 crisis by pursuing exit strategies too early and/or too sharply. It outlines a comprehensive strategy for limiting such risks globally and offers an in-depth discussion of the European situation. Due to...
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Depression a watershed period in the history of the American economy? This volume organizes twelve scholars' responses into four …, and the changing international economy. The central focus across the chapters is the well-known alternations to national … economy, while not omitting reference to the 1930s. The essays consider whether New Deal-style legislation continues to …
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This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...
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