Fiscal rules: Hazardous to your health?
Annunziata, Marco. As Eurozone leaders move towards fiscal integration, critics say the focus on fiscal rules will condemn countries to austerity and deep recession. This column argues that the latest proposals are not nearly so fearsome. Πηγή: Voxeu πλήρες κείμενο
Misguided policies risk breaking up the eurozone and the EU
Micossi, Stefano. I met Tommaso Padoa-Schioppa in the early 1970s as a new young professional in the Research Department of Banca d’Italia, where he was head of the monetary policy unit. Many of us newcomers, fresh from American graduate studies, were appalled by the Bank’s monetary approach, replete with quantitative controls and administrative measures to […]