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In this Policy Contribution, Jean Pisani-Ferry observes the lack of European interest towards China's exchange policy rate. He believes that Europeans, compared to Americans, are slower to react to external developments. The absence of significant external deficit, doubts about which policy...
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Committee of the EU. …
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European Commission's proposal to issue up to €750 billion in EU debt to finance its recovery plan is a step in the right … strong grip on revenues. To be politically sustainable, similar central control would be needed in the EU. The treaty …-based EU framework is the closest to fulfilling these criteria with political accountability through the European Parliament …
Persistent link: https://www.econbiz.de/10012255506
This paper develops a 'structural political economy' approach to two fundamental tensions that emerged as the eurozone crisis unfolded: real exchange rate misalignments and external debt build-up. The approach builds on a classical legacy going back to Francois Quesnay, who conceptualised...
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