In the absence of fiscal union, the Eurozone needs a more flexible monetary policy: A comment
The article is a comment on Alessandrini and Fratianni (2015) (A&F), on how can the euro area cope with inter-regional differences in the absence of fiscal union. A&F develop a model to support their proposals, against which twomain remarks are raised here. First, diverging current account i...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2016-09-01
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| Series: | PSL Quarterly Review |
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| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/13705/pdf_3 |