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This book examines the slow growth and other problems experienced by the Eurozone in its early years, and the … challenges which it now faces. The authors investigate the operation of monetary and fiscal policy in the Eurozone, the extent of …
Persistent link: https://www.econbiz.de/10012054272
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Can fixed exchange rate regimes cause output divergence among member states? We show that such divergence is a long-run equilibrium characteristic of a two-region model with fixed exchange rates, heterogeneous labor markets, and endogenous growth. Under flexible exchange rates, monetary policy...
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campaign that can only impoverish Europe to a public investment campaign designed to secure Europe's future. No mutualization … of existing national public debts is involved. Instead, the Euro Treasury is established as a means to pool eurozone … public investment spending and have it funded by proper eurozone treasury securities. …
Persistent link: https://www.econbiz.de/10010204687
mechanisms for risk sharing in the public and private sector. Other objectives included kick-starting investment in Europe … considerable support for investment in Europe and to increase public support for the European project which was at a record low …
Persistent link: https://www.econbiz.de/10012167291
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Following a deep recession in 2020 and further contraction in 2021Q1, the euro area economy recovered rapidly in the second and third quarters thanks to high vaccination levels, increasing household and business adaptability to the virus, and continued forceful policy support. Looking ahead,...
Persistent link: https://www.econbiz.de/10013169107