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Much of the discussion about how to impose more convergence among member states of the eurozone has focused on what national governments should do to avoid divergent developments in a number of macroeconomic variables, e.g. competitiveness or current account imbalances. Without denying that...
Persistent link: https://www.econbiz.de/10013137394
The analysis in this Commentary provides strong evidence showing that the burden of the adjustments to the imbalances in the eurozone between the surplus and the deficit countries is borne almost exclusively by the deficit countries in the periphery. And although the European Commission has now...
Persistent link: https://www.econbiz.de/10013106555
Europe's policy-makers are engaged in protracted discussion on whether and how to increase the size of the euro rescue funds (the EFSF and the ESM). In this Policy Brief, Daniel Gros and Thomas Mayer argue that this attention on the headline size of the EMS and EFSF is misplaced. They propose...
Persistent link: https://www.econbiz.de/10013108165
differences in hours worked overall are much smaller than for unemployment.Using data from US states and EU member states, an … pandemic as it played out between March and November 2020. In the EU, unemployment showed little variation. The Non …-Pharmaceutical Interventions (NPIs) used in different US states and EU countries, as can be demonstrated through a regression analysis, did not …
Persistent link: https://www.econbiz.de/10013231157
In recent decades the EU has widened and deepened to such an extent that it now deals in almost all areas of policy …
Persistent link: https://www.econbiz.de/10014210722
In the wake of the Irish no-vote on the Treaty of Lisbon, numerous scenarios are currently being debated. This paper critically assesses the legality and political feasibility of the principal proposals and then puts forward an alternative 'Plan B', which the authors believe would amply satisfy...
Persistent link: https://www.econbiz.de/10014210930