This book explores the diverse challenges facing the EU and in particular examines the impediments to financial stability and sustainable growth and how these can be overcome. Among the topics explored are the extent to which monetary union has favored real convergence, competitive imbalances in...

Making progress in economic and monetary union -- Long-term tendencies in the shares of total household income flowing to upper and lower quantiles of European households -- When “secular stagnation” meets Piketty's capitalism in the 21st century: growth and inequality trends in Europe...