Monthly Archives: May 2012

On Fiscal Multipliers – General Case and The Eurozone

Although famous structural reforms are on the agenda of the growth debate, attention has returned to the benefits of counter-cyclical fiscal policy during a crisis. This post focuses on this issue, its mechanics and how it can best be pursued … Continue reading

Posted in Economic Concepts | Tagged , , , , | 1 Comment

OCA Theory – Asymmetric shocks in the Euro-Zone, Long Term Structural Problems & the need for EU Fiscal Union

As growth has found its way back on the discourse of the Euro-Zone sovereign debt crisis, I take the opportunity to briefly describe the simple model in the back of most (decent) economists discussing the long term structural problems underlying … Continue reading

Posted in Economic Concepts, European Integration, European Interdependences, Uncategorized | Tagged , , , , , , , , , , , , , , , | 1 Comment