Tag Archives: OCA

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

Greek default and exit from the Euro-Zone: Is it a Good or Bad idea?

Since the beginning of the Euro-Zone sovereign debt crisis, talk about the pros and cons of a Greek default and of a Greek exit have been abundant. Economists Nouriel Roubini Rogoff and Feldstein are some of the most prominent standard … Continue reading

Posted in Sovereign debt Crisis | Tagged , , , , , , , , , , , , , , , , | 2 Comments

Thank you Mr Bini Smaghi, but Fiscal Federalism is not Centralisation…

As I mentioned in an earlier post, Mr Lorenzo Bini Smaghi recently gave a speech where he addressed the issue of European Fiscal Union, at length. That post gave a pure report of the speech and made no efforts to … Continue reading

Posted in A € for your Thoughts, Sovereign debt Crisis | Tagged , , , , , , , , , , , | Leave a comment