Chapter 2: European Imbalances

Giuseppe Bertola, Edward Driffill (), Harold James, Hans-Werner Sinn, Jan-Egbert Sturm and Akos Valentinyi ()

EEAG Report on the European Economy, 2013, 55-72

Abstract: This chapter identifies the factors that led to imbalances in the euro area, which resulted in the current balance-of-payments crisis. The chapter also discusses how rebalancing might be achieved, and how fiscal policy could accelerate this process.

Date: 2013
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