Eu Fiscal Capacity
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This note outlines a concrete proposal for a euro area CFC that could help smooth both country-specific and common shocks. Specifically, it proposes a macroecon
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The euro crisis made Europe’s stateless currency falter. This book retraces and interprets the ways in which the crisis impacted the unique institutional set-
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Offering a comparative examination of the constitutional implications of the Euro-crisis on vertical and horizontal relations of power in the EU, this book prop
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Two main themes of the book are that (1) politics can distort optimal fiscal policy through elections and through political fragmentation, and (2) rules and ins
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