Hierro, Luis A.; Atienza-Montero, Pedro; … - In: New challenges for the eurozone governance : joint …, (pp. 303-321). 2021
In 1999, the euro was launched on the basis of treaties structured around the new economic orthodoxy that replaced Keynesianism. The Great Recession, the Euro Crisis and now the Pandemic Crisis, all of them deflationary demand crises which are incompatible with such an orthodoxy, have had a...
