Since the first debates on the European Economic and Monetary Union decades ago, the major challenge for the countries involved has been to adjust to asymmetric shocks without a flexible nominal exchange rate (Gros 2010).
Adjustment in the Eurozone: Can reforms help?
Gilles Mourre, Alessandro Turrini, 20 November 2010
The beneficial international spillovers of labour market reforms
Gabriel Felbermayr, Mario Larch, Wolfgang Lechthaler, 1 May 2010
In an interview with the Financial Times (March 16, 2010) France’s finance minister Christine Lagarde suggested that Germany is hurting its European partners by “putting very high pressure on its labour costs”. Her insinuation has sparked a vivid policy debate.
Assessing the recent labour market agreement in France
Gilles Saint-Paul, 1 February 2008
In my view, the recent agreement between employers and unions on labour market reforms is globally positive.
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Rethinking macroeconomic policyBlanchard
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013
Reichlin, Turner, Woodford