Eurozone: Time for reform? A proposal
Jacques Melitz, 2 May 2010
Should Europe join the US in condemning Chinese currency manipulation?
Patrick A Messerlin, 16 April 2010
The debate on China as a currency manipulator is showing illuminating twists in Washington.
A stitch in time saves twenty-seven
Giancarlo Corsetti, Harold James, 12 April 2010
The emergence of fiscal problems within the Eurozone raises key questions for European leaders. They need to strike a balance between the need to safeguard a central pillar of the European economic constitution and the need to guarantee financial stability in the European market.
Europe’s macro mess: Dysfunctional diversity that gets the job done
Charles Wyplosz, 20 March 2010
European integration has been a unique process from the start. European agreements – both large and small – have traditionally been built on ambiguity. Resolving these uncertainties ex ante has been deemed politically impossible, but all the parties believed that they would be resolved ex post in good faith.
Greece: It's not all tragedy
Michael Burda, 13 March 2010
The euro crisis is forcing the EU to grow up – fast. With astonishing speed, the Papandreou socialist government has just passed the most stringent fiscal package modern Greece has ever seen:
On the benefits and costs of a monetary union
Francesco Paolo Mongelli, 11 March 2010
Some benefits and costs from participating in a monetary union
Francesco Paolo Mongelli, 11 March 2010
Conventional wisdom views the benefits and costs from monetary unions as straightforward. The costs are macroeconomic– reduced influence over stabilisation policy – while the gains are microeconomic – improved economic efficiency. This is the perspective taken by most comments on the Eurozone’s recent travails (see Krugman 2010). The reality is more varied.
The effect of bank loans and credit standards on output
Lorenzo Cappiello, Marco Protopapa, Christoffer Kok Sørensen, Arjan Kadareja, 3 March 2010
The global financial crisis has caused substantial damage to Eurozone banks’ balance sheets and their access to funding, raising concerns about the knock-on effects on households and firms.
For Greece, a “fiscal devaluation” is a better solution than a “temporary holiday” from the Eurozone
Domingo Cavallo, Joaquín Cottani, 22 February 2010
Martin Feldstein argues that, to mitigate the costs associated with fiscal adjustment, Greece should ask its Eurozone partners for “a temporary leave of absence with the right and the obligation to return at a more competitive exchange rate” (Feldstein 2010).
The Eurozone debt crisis: Facts and myths
Charles Wyplosz, 9 February 2010
Like any crisis, the new one generates myriads of misguided comments and reactions by journalists, financiers and policymakers. Ten myths that are frequently heard clash with ten facts that are frequently overlooked.
- The case for 4% inflationBall
- The banking crisis as a giant carry trade gone wrongAcharya, Steffen
- Everything the IMF wanted to know about financial regulation and wasn’t afraid to askBair
- Rethinking macroeconomic policy: Getting granularBlanchard, Dell'Ariccia, Mauro
- Iceland’s post-Crisis economy: A myth or a miracle?Danielsson
- 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
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Baldwin, Kawai, Wignaraja, 11 June 2013
Giavazzi, Portes, Weder di Mauro, Wyplosz
CEPR Policy Research
- The "Greatest" Carry Trade Ever? Understanding Eurozone Bank RisksAcharya, Steffen
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
- Income and schoolingBrückner, Gradstein
- Monetary Policy and Rational Asset Price BubblesGalí
- How the EZ crisis is permanently changing EU institutionsMicossi
- WTO 2.0: Global governance of supply-chain tradeBaldwin
- Is US economic growth over? Faltering innovation confronts the six headwindsGordon
- The economic crisis: How to stimulate economies without increasing public debtWood
- Austerity: Too Much of a Good Thing?Corsetti
- Understanding banks in emerging markets5 - 6 September 2013 / EBRD, London / European Bank for Reconstruction and Development (EBRD) and Tilburg University