place to maintain economic stability in Europe, and has unveiled the difficulty in achieving international coordination on …

dialed up or down, depending on the economy's state. Lock-in policy is illustrated by the euro, globalization, and the …

illustrated with examples that include tax policy, government spending, the euro, globalization, and the neoliberal policy …

between fiscal and monetary dominance early in the euro crisis (Buiter 2010, drawing on Sargent and Wallace 1981). This paper … for dominance, political fragmentation of the euro area prevented such bargains during the crisis. Strategic behavior … crises and continues to play out as the euro area seeks to complete the architecture of the monetary union. Deflation …

complement—a digital euro—becomes increasingly necessary. Accordingly, the article concludes that the ECB is both entitled and … obliged de lege lata to issue a digital euro on the basis of Article 128 TFEU. It further explains that neither tangible cash … nor a digital euro can simultaneously be used as instruments in themselves to maintain price stability …