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The future of the euro : is there an alternative to the stability and growth pact?

Arestis, Philip (contributor); MacCauley, Kevin (contributor) - 2001

This brief provides a detailed description of the Stability and Growth Pact, an agreement entered into by the member states of the European Union that has far-reaching implications for the long-run value of the euro, and therefore, on the real economy in terms of output growth and employment....

Persistent link: https://www.econbiz.de/10003353724

Easy money through the back door : the markets vs. the ECB

Bibow, Jörg (contributor) - 2001

This brief assesses the experiences of Europe's policy regime in the two years since the introduction of the euro in 1999, particularly the performance of the European Central Bank (ECB), the institution in charge of conducting monetary policy for the euro area. Conventional accounts of European...

Persistent link: https://www.econbiz.de/10003353731

Maastricht 2042 and the fate of Europe : toward convergence and full employment

Galbraith, James K. (contributor) - 2006

Unemployment in the European Union (EU) is a serious problem that threatens to disrupt the integration of accession … countries, the character of individual countries, and the continued existence of the EU. European integration poses a huge … unemployment, but it could destroy the economic promise of the EU for its poorer regions and the accession countries. …

Persistent link: https://www.econbiz.de/10003454708

The economics of outsourcing : how should policy respond?

Palley, Thomas I. (contributor) - 2007

According to Research Associate Thomas I. Palley, global outsourcing represents a new economic challenge that calls for a new set of institutions. In this brief, he expands upon the problems of offshore outsourcing as outlined in Public Policy Brief no. 86 and focuses on the microeconomic...

Persistent link: https://www.econbiz.de/10003454721

Endgame for the euro? : without major restructuring, the eurozone is doomed

Papadimitriou, Dimitri Basil; Wray, L. Randall; … - 2010

capita incomes in the European Union (EU), and its social safety net is modest compared to the rest of Europe. Since …

Persistent link: https://www.econbiz.de/10008859416

Can Euroland survive?

Kelton, Stephanie A.; Wray, L. Randall - 2009

Social unrest across Europe is growing as Euroland's economy collapses faster than the United States', the result of falling exports and a weaker fiscal response. The controversial title of this brief is based on a belief that the nature of the euro itself limits Euroland's fiscal policy space....

Persistent link: https://www.econbiz.de/10003985589

Debtors' crisis or creditors' crisis? : who pays for the European sovereign and subprime mortgage losses?

Kregel, Jan A. - 2011

In the context of the eurozone's sovereign debt crisis and the US subprime mortgage crisis, Senior Scholar Jan Kregel looks at the question of how we ought to distribute losses between borrowers and lenders in cases of debt resolution. Kregel tackles a prominent approach to this question that is...

Persistent link: https://www.econbiz.de/10009380423

Is there a trade-off between unemployment and inequality? : no easy answers ; labor market problems in the United States versus Europe

Blank, Rebecca M. - 1997

Rebecca M. Blank considers how the flexibility of American labor markets and the regulation and redistribution policies of European labor markets may determine employers' responses to worldwide economic transformations that result in increasing wage disparity in the United States and continuing...

Persistent link: https://www.econbiz.de/10009381564

Fiddling in Euroland as the global meltdown nears

Papadimitriou, Dimitri Basil; Wray, L. Randall - 2012

President Dimitri B. Papadimitriou and Senior Scholar L. Randall Wray argue that the common diagnosis of a "sovereign debt crisis" ignores the crucial role of rising private debt loads and the significance of current account imbalances within the eurozone. Profligate spending in the periphery is...

Persistent link: https://www.econbiz.de/10009491885

Dead economic dogmas trump recovery : the continuing crisis in the eurozone periphery

Polychroniou, C. J. - 2014

The "happy talk" emanating from eurozone officials regarding the economic crises in the periphery deserves some vigorous pushback. Focusing on the four bailed-out countries of Greece, Ireland, Portugal, and Spain, Research Associate and Policy Fellow C. J. Polychroniou argues in this policy...

Persistent link: https://www.econbiz.de/10010356708