Why is the Greek economy collapsing? A simple tale of high multipliers and low exports
Alcidi, Cinzia Gros, Daniel. In an attempt to understand why the Greek economy is collapsing, this Commentary points out two key aspects that are often overlooked – the country’s large multiplier and a bad export performance. When combined with the need for a large fiscal adjustment, these factors help explain how fiscal consolidation in Greece has […]
Kenen on the euro
Eichengreen, Barry, Wyplosz,Charles. One of the world’s most influence international economists, Peter Kenen, passed this week. This column highlights the key role his insights played in the construction of the Eurozone and the problems that arose when his insights were ignored. Πηγή: Voxeu πλήρες κείμενο