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The impact of r-g on the Euro-Area government spending multiplier

Di Serio, Mario; Fragetta, Matteo; Melina, Giovanni - 2021

We compute government spending multipliers for the Euro Area (EA) contingent on the interestgrowth differential, the so-called r-g. Whether the fiscal shock occurs when r-g is positive or negative matters for the size of the multiplier. Median estimates vary conditional on the specification, but...

Persistent link: https://www.econbiz.de/10012518304

Numerical fiscal rules for economic unions : the role of sovereign spreads

Hatchondo, Juan Carlos; Martinez, Leonardo; Roch, Francisco - 2021

We study gains from introducing a common numerical fiscal rule in a "Union" of model economies facing sovereign default risk. We show that among economies in the Union, there is significant disagreement about the common debt limit the Union should implement: the limit preferred by some economies...

Persistent link: https://www.econbiz.de/10012605545

Who’s to Blame for Greece? : How Austerity and Populism are Destroying a Country with High Potential

Pelagidis, Theodore; Mitsopoulos, Michael - 2017 - 2nd ed. 2017

Praise for the first edition: 'The new book by Michael Mitsopoulos and Theodore Pelagidis offers insightful analysis of the Greek drama. It makes fascinating reading and well demonstrates that the blame is widely shared.' André Sapir, University Professor, Université libre de Bruxelles,...

Persistent link: https://www.econbiz.de/10012398314

Constrained efficient borrowing with sovereign default risk

Hatchondo, Juan Carlos; Martinez, Leonardo; Roch, Francisco - 2020

Persistent link: https://www.econbiz.de/10012392477

Europe and the Euro : Integration, Crisis and Policies

Marelli, Enrico - 2017

'Enrico Marelli and Marcello Signorelli provide an excellent analysis of the causes of the Eurozone crisis and of the … Economy, London School of Economics, UK 'After Brexit, the future of the European Union and the Eurozone are among the hottest … consequences of the economic decline in the Eurozone. It also proposes specific solutions to overcome the economic and financial …

Persistent link: https://www.econbiz.de/10012397230

The Euro and the Crisis : Perspectives for the Eurozone as a Monetary and Budgetary Union

Gonçalves, José Renato (ed.); Cunha Rodrigues, Nuno (ed.) - 2017

dominating the Eurozone and the European Union, concerning both the monetary policy and the budgetary and fiscal policy. The …Part 1 - The Eurozone as a (non) Optimum Currency Area -- STIGLITZ, Joseph. The fundamental flaws in the Euro Zone … Costa. The Eurozone’s Private and Governmental Shock Absorbers: Current Setup and Future Prospects -- RODRIGUES, Nuno Cunha …

Persistent link: https://www.econbiz.de/10012397341

Monetary Integration in Europe : The European Monetary Union after the Financial Crisis

Tomann, Horst - 2017 - 2nd ed. 2017

This book provides a fully revised and up-to-date analysis of the Economic and Monetary Union (EMU). With four entirely new chapters on responses to the financial crisis and the debate on reform options, Tomann assesses the EMU in comparison with other currency regimes through the adoption of a...

Persistent link: https://www.econbiz.de/10012397441

The European Roots of the Eurozone Crisis : Errors of the Past and Needs for the Future

Baldassarri, Mario - 2017

This book examines the Eurozone crisis in light of theoretical and empirical evidence. The first half explores specific … half presents results of counterfactual simulations using the Oxford Econometric model and estimates what the Eurozone has …

Persistent link: https://www.econbiz.de/10012397533

A Diary of the Euro Crisis in Cyprus : Lessons for Bank Recovery and Resolution

Demetriades, Panicos - 2017

This book tells the story of the euro crisis in Cyprus from the inside. Written by the former Governor of the Central Bank of Cyprus, Panicos Demetriades, who was in office during this turbulent period, this book shows how the crisis unravelled through a series of key events that occurred during...

Persistent link: https://www.econbiz.de/10012397536

Who’s to Blame for Greece? : Austerity in Charge of Saving a Broken Economy

Pelagidis, Theodore - 2016

Greece's economy symbolizes in many ways the Eurozone's economic problems and divergent interests as it amasses most of … the economic disadvantages characterizing the Eurozone's economy itself. This book presents the economic and political …

Persistent link: https://www.econbiz.de/10012397548