this "political guide for economists" we look at the creation of the euro within the bigger picture of European integration … reaction towards an "ever-closer union." The euro with its current problems is a child of that strategy and its limits …

and recovery patterns for key EU members like Germany and France, within the Eurozone, were similar. However, after the … bubble burst and the crisis began unfolding it became clear that the Eurozone plight differed from America's in one … fundamental respect. There was no exact counterpart of Eurozone GIIPS (Greece, Italy, Ireland, Portugal, and Spain) in the United …

an inflation target of 3-4%. Yet, since U.S. interest rates hit zero in 2008, the Fed under Chairman Bernanke has taken …

The upcoming demographic crisis in Germany demands fundamental reforms of the pension system. In a democracy, reforms … enforced. After 2023, Germany will be characterized by a gerontocratic system where the old decide over the young. Only the …

This paper studies household financial choices in four euro area countries. The goal of the analysis is to understand … policy-induced variations in stock returns. Finally, monetary contractions have a larger impact on consumption in Germany and …

institutions. The euro has operated as a currency without a state, under the dominance of Germany. This has so far allowed the euro … responsibility for the euro's future. Germany's resilience and dominant size within the EU may explain its "muddling …This paper looks at the short history of the Eurozone through the lens of an evolutionary approach to forming new …

We study the mechanisms through which the adoption of the Euro delayed, rather than advanced, economic reforms in the … Euro zone periphery and led to the deterioration of important institutions in these countries. We show that the abandonment … process in Greece, Spain, Ireland, and Portugal and, by way of contrast, in Germany, a country that did experience a reform …

The creation of the euro and the European Central Bank is a remarkable and unprecedented event in economic and … cyclical and inflation conditions vary substantially among countries. Labor market policies during this first year will … unemployment, structural unemployment, and inflation may all be higher in the future as a result of the single currency. Although …

. The main issue we focus on is how the euro may alter the responsiveness of consumer prices to exchange rate changes. Our … central conjectures is that the acceptance of the euro will lead European prices to become more insulated from exchange …