For many, the origin of the Eurozone crisis is a lack of competitiveness among the periphery countries. This column looks at Spain and Italy and argues that in order to emerge from crisis, they must rely less on domestic demand and more on their tradable sector.
Πηγή: Voxeu
Tyler Goodspeed (2026) Recession: The Real Reasons Economies Shrink and What to Do About It. London: Basic Books. pp. 310. What causes a recession? Do recessions
Beatrice Weder di Mauro, Jeromin Zettelmeyer Global imbalances are back: since 2018, the sums of current account surpluses and deficits have each increased by about 30 percent, reaching their
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