European political leaders may be about to agree to a fiscal plan which, if implemented, could push Europe into a major depression. To understand why, it is useful to compare how European countries responded to downturns in demand before and after they adopted the euro.
Πηγή: Project Syndicate
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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