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include following the Euro area’s single-minded focus on price stability and the lack of a central fiscal authority. The … chapter shows that market integration must be paralleled by policy integration; the persistent divergences in competitiveness …
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the governance of the euro area towards a more comprehensive and integrated approach. Two dimensions of this paradigm are … examine the need for a shift in external relations towards a more global integration-oriented policy, with the euro area …
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In 1999, the euro was launched on the basis of treaties structured around the new economic orthodoxy that replaced … Keynesianism. The Great Recession, the Euro Crisis and now the Pandemic Crisis, all of them deflationary demand crises which are …
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I provide a structured comparison of the nineteenth-century classical gold standard and the Euro, basing my analysis …, there is nothing contingent about Euro-area membership. Finally, the gold standard operated in a simpler political setting …
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Collective bargaining (CB) conducted by trade unions and employer associations (the social partners) plays a key role in the formation of wages in many countries. This paper investigates the potential interactions of CB with the macroeconomy by estimating the business cycle sensitivity of the...
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