Type
Article
Titre
Euro area Macroeconomics - Where do we stand 20 years later ?
Dans
Revue de l'OFCE
Éditeur
Paris : OFCE
Numéro
special
Pages
55 - 88 p.
ISSN
12659576
Mots clés
Euro area, Single currency, Financial market, Fiscal rules, Economic Policies coordination
Résumé
EN
For almost 20 years, euro area countries have been sharing a single currency. The drawbacks of the euro area framework were highlighted by the widening of imbalances prior to the 2007 financial crisis, and thereafter by the huge impact of the financial crisis, the public debt crisis in Southern European countries, and the Great Recession. Prior to and after the crisis, EU institutions and Member States (MS) have not been able to implement either a common economic strategy or satisfactory economic policy coordination

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