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Euro area Macroeconomics - Where do we stand 20 years later?

Author

Listed:
  • Catherine Mathieu

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Henri Sterdyniak

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract
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.

Suggested Citation

  • Catherine Mathieu & Henri Sterdyniak, 2019. "Euro area Macroeconomics - Where do we stand 20 years later?," SciencePo Working papers Main hal-03403543, HAL.
    • Handle: RePEc:hal:spmain:hal-03403543
    DOI: 10.3917/reof.hs02.0055
    Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-03403543
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    References listed on IDEAS

    as
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    2. Paul De Grauwe, 2012. "A Fragile Eurozone in Search of a Better Governance," The Economic and Social Review, Economic and Social Studies, vol. 43(1), pages 1-30.
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    Cited by:

    1. Catherine Mathieu & Henri Sterdyniak, 2021. "Vers une réforme des règles budgétaires dans la zone euro ?," SciencePo Working papers Main hal-03474871, HAL.
    2. Catherine Mathieu & Henri Sterdyniak, 2022. "Towards New Fiscal Rules in the Euro Area?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 57(1), pages 16-20, January.

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    More about this item

    Keywords

    Euro area; Single currency; Financial market; Fiscal rules; Economic Policies coordination;
    All these keywords.

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