Found 8 article(s) for author 'Eurozone'

Analyzing Inter-State Negotiations in the Eurozone Crisis and Beyond

Analyzing Inter-State Negotiations in the Eurozone Crisis and Beyond. Jeffry Frieden, October 4, 2018, Paper, “The analysis of relations among the member states of the European Union requires a clear understanding of many aspects of these complex interactions. This conclusion to the special issue highlights the principal analytical issues raised by the study of the Eurozone crisis, in the light of existing theory and informed by the empirical analyses assembled by this project. Analysis starts with an estimate of the «national preferences» of the governments involved, based on their domestic socioeconomic and political conditions and institutions.Link

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How Democratic Is the Euro?

How Democratic Is the Euro? Dani Rodrik, June 11, 2018, Opinion, “If the European Union is to remain viable and democratic at the same time, policymakers will have to pay closer attention to the demanding requirements of delegating decisions to unelected bodies. They should promote such a delegation of sovereignty only when it truly enhances the long-term performance of their democracies.Link

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What lurks beneath the Euro

What lurks beneath the Euro. Carmen Reinhart, November 16, 2017, Opinion, “Earlier this year, the consensus among economists was that the United States would outstrip its advanced-economy rivals. The expected spurt in U.S. growth would be driven by the economic stimulus package described in President Donald Trump’s election campaign. But instead, the most notable positive economic news from the developed countries in 2017 has been coming from Europe.Link

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Europe’s Economic Dilemma

Europe’s Economic Dilemma. Martin Feldstein, October 30, 2017, Opinion, “The European Central Bank deserves credit for the economic improvements that have occurred in the past few years. But the ECB’s policies also mean that the eurozone has no ammunition left to fight the next recession, because interest rates cannot be reduced further and fiscal policy remains in the hands of national governments.” Link

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The Eurozone Must Reform or Die

The Eurozone Must Reform or Die. Kenneth Rogoff, June 14, 2017, Opinion, “With the election of a reform-minded centrist president in France and the re-election of German Chancellor Angela Merkel seeming ever more likely, is there hope for the stalled single-currency project in Europe? Perhaps, but another decade of slow growth, punctuated by periodic debt-related convulsions, still looks more likely. With a determined move toward fiscal and banking union, things could be much better. But, in the absence of policies to strengthen stability and sustainability, the chances of an eventual collapse are much greater.Link

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Over-optimistic Official Forecasts and Fiscal Rules in the Eurozone

Over-optimistic Official Forecasts and Fiscal Rules in the Eurozone. Jeffrey Frankel, December 19, 2013, Paper. “Eurozone members are supposedly constrained by the fiscal caps of the Stability and Growth Pact. Yet ever since the birth of the euro, members have postponed painful adjustment. Wishful thinking has played an important role in this failure. We find that governments’ forecasts are biased in the optimistic direction, especially during booms. Eurozone governments are especially over-optimistic when the budget deficit is over the 3% cap at the time the forecasts are made. Those exceeding this cap…” Link verified March 28, 2014

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