We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically … revenues. While sustainability may be lacking in individual cases, fiscal policy was overall sustainable both for the EU15 …

The response in 2008-09 to the global financial crisis was in many ways a high water mark for transatlantic policy … coordination. The major economies of the EU and the US rapidly agreed on a series of measures to limit the crisis. However, the … supplyside optimism in the US ; (d) institutional factors such as the lack of a central fiscal authority in the EU. In response …