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Monetary financing in the euro area: A free lunch?

Tober, Silke - In: Intereconomics 50 (2015) 4, pp. 214-220

Two recent proposals for overcoming the euro area crisis make the case for monetary financing of the public sector. Watt proposes that the ECB finances public investment directly, while Pâris and Wyplosz contend that public debt may be effectively restructured by burying parts of it in the...

Persistent link: https://www.econbiz.de/10011773250

External imbalances in the EU: A REER-based explanation

Kutasi, Gábor - In: Intereconomics 50 (2015) 5, pp. 301-308

The debt crisis of the eurozone revealed a structural problem of the single market rooted in the external imbalance … problem of indebted member states. The assumption of this paper is that the current account imbalances within the eurozone are … based on an intra-eurozone competitiveness disparity originated in the single currency and the heterogeneity of member state …

Persistent link: https://www.econbiz.de/10011773257

Eurozone Output Gaps and the COVID-19 Shock

Brooks, Robin; Fortun, Jonathan - In: Intereconomics 55 (2020) 5, pp. 291-296

Persistent link: https://www.econbiz.de/10012488226

Adapting the EU Economic Governance to New Macroeconomic and Political Realities

Fargnoli, Raffaele - In: Intereconomics 55 (2020) 5, pp. 320-324

There was a widespread consensus on the need to modify fiscal rules in the EU even before the COVID-19 crisis. The aim of this article is to reflect on the reform of fiscal rules from a broader perspective, looking at three different dimensions: the political economy of fiscal rules in the...

Persistent link: https://www.econbiz.de/10012488230

Post-COVID-19 EMU: Economic Distancing by Parallel Currencies

Mayer, Thomas; Schnabl, Gunther - In: Intereconomics 55 (2020) 6, pp. 387-391

The coronavirus crisis has caused new distress in the European Economic and Monetary Union (EMU), as the southern part of the EMU has been hit stronger than the northern part. The common currency prevents nominal exchange rate adjustment in response to the asymmetric shock. Policymakers have...

Persistent link: https://www.econbiz.de/10012488246

Why Did Europe Decide to Move to a Single Currency 25 Years Ago?

Thygesen, Niels - In: Intereconomics 51 (2016) 1, pp. 11-16

Many Europeans today ask why the European Community chose the bold strategy of pursuing an Economic and Monetary Union at a time when a number of political and economic issues had not yet been resolved. Many economists like to think that the economic case for EMU was weak and that the decision...

Persistent link: https://www.econbiz.de/10011478112

The Eurozone’s Flaws Are Not Intrinsic

Wren-Lewis, Simon - In: Intereconomics 51 (2016) 1, pp. 20-24

first, mostly from those outside the eurozone, is that the whole project was doomed from the start and should be abandoned …. The second is that the only way forward is further political integration. However, the problems of the eurozone are not …

Persistent link: https://www.econbiz.de/10011478114

The Political Economy of Brexit: Why Making It Easier to Leave the Club Could Improve the EU

Bongardt, Annette; Torres, Francisco - In: Intereconomics 51 (2016) 4, pp. 214-219

if there is a constant hold up of decisions that are in the common interest. On the other hand, with the eurozone having …

Persistent link: https://www.econbiz.de/10011631238

Recovering From COVID-19: A Transatlantic Comparison of Fiscal Policy

Gros, Daniel - In: Intereconomics 56 (2021) 4, pp. 201-204

A chasm has opened up across the Atlantic in terms of fiscal policy.

Persistent link: https://www.econbiz.de/10012700528

The European Single Market at 25

Bublitz, Elisabeth - In: Intereconomics 53 (2018) 6, pp. 337-342

This year we celebrate the 25th anniversary of the European Single Market. The Single Market's achievements cover various areas but there is still room for improvement. Against the background of this historic and economic development, this article discusses different legal acts that are being...

Persistent link: https://www.econbiz.de/10012151461