Special Issue of International Economics
It is an immense pleasure to announce that the Special Issue of International Economics is now online: The European Economy in the Time of COVID-19: Towards a New…
It is an immense pleasure to announce that the Special Issue of International Economics is now online: The European Economy in the Time of COVID-19: Towards a New…
In this blog, I will show how to build a model of the fragility of an incomplete monetary union. The idea is to find the optimal inflation rule…
It is an immense pleasure to announce that the call for papers of the International Economics special issue is now online: https://www.journals.elsevier.com/international-economics/call-for-papers/the-european-economy-in-the-time-of-covid-19 Please have no hesitation to submit…
L’Histoire ne rampe pas. L’Histoire bondit. Nassim Nicholas Taleb (2008). Dans ces temps troublés pour l’économie mondiale plongée dans un coma artificiel, l’union monétaire européenne est sur la…
History does not crawl. History jumps. Nassim Nicholas Taleb (2008). In these dark times of ’Coronacoma’ for the World Economy, the European Monetary Union is on the brink……
To allow national fiscal stabilizers to work, governments must be able to borrow at an affordable cost in times of economic stress. A strong fiscal framework is indispensable…
Even with more flexible economies, internal adjustment will always be slower than it would be if countries had their own exchange rate. Mario Draghi (2015). The title of…
Entre le déclenchement de la crise de l’euro et le vote britannique sur la sortie du Royaume-Uni de l’Union Européenne, nous avons assisté à une réduction massive des…
Le processus d’ajustement est obligatoire pour le débiteur et facultatif pour le créancier. Si le créancier choisit ou non de réaliser sa part de l’ajustement, il ne souffre…
The process of adjustment is compulsory for the debtor and voluntary for the creditor. If the creditor does not choose to make, or allow, his share of the…
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