The recent European economic crisis has dramatically exposed the failures of the various institutional mechanisms in place to maintain economic stability in Europe, and has unveiled the difficulty in achieving international coordination on fiscal and financial stability policies. Drawing on the...

The aim of the present article is twofold. Firstly, to put the German Federal Constitutional Court (i.e., the BverfG ) judgment into the context of a drawn-out conflict between the German Republic and the European Union regarding the setting up of a crisis management tool in the area of monetary...

This article contributes a counter-example to the discussion about the negative effects of regionalism on the multilateral trading order. The article analyses the General Agreement on Tariffs and Trade (GATT) negotiations during the Uruguay Round and shows that France was induced to accept a...

We study the impact of the COVID-19 pandemic on euro area inflation and how it compares to the experiences of other countries, such as the United States, over the two-year period 2020-21. Our model-based calibration exercises deliver four key results: (1) compositional effects, or the switch...