The EMU after the Euro Crisis: Lessons and Possibilities - Findings and proposals from the Horizon 2020 ADEMU project

Ramon Marimon, Thomas Cooley 01 May 2018

This eBook provides an overview of the findings and proposals of the Horizon 2020 ADEMU research project (June 2015 to May 2018), which aimed at reassessing the fiscal and monetary framework of the European Economic and Monetary Union in the wake of the euro crisis.

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Table of Contents

Foreword

Introduction
Ramon Marimon and Thomas Cooley

1   Lessons from the euro crisis an dealing with its debt overhang
Giancarlo Corsetti

2 A European Stability Fund for the EMU
Ramon Marimon

3 Agreeing to an unemployment insurance system for the euro area?
Arpad Abraham, Joao Brogueira de Sousa, Ramon Marimon and Lukas Mayr

4 Macroeconomic stabilisation in heterogeneous societies
Morten O. Ravn

5 Recessions following expansions: The instability of market economies
Paul Beaudry, Dana Galizia and Franck Portier

6 Stimulus packages? Better be persistent!
Martial Dupaigne and Patrick Feve

7 Reassessing tax policies and tax coordination: The case for a tax on automation
Pedro Teles

8 Banking Union and the ECB
Hugo Rodriguez

9 Financial stability: The role of macroprudential policies
Radim Bohaček

10 The European Stability Mechanism: The path to reform
Giorgio Monti

11 The political economy of policy implementation
David K. Levine and Andrea Mattozzi

12 A new fiscal and monetary framework for the EMU? The EU presidentsí roadmap in 2018\
Ramon Marimon

Ramon Marimon

Professor of Economics and Pierre Werner Chair at the European University Institute (EUI); on leave from UPF - Barcelona GSE

Thomas Cooley

Professor of Economics, Stern School of Business and Faculty of Arts and Science, New York University

CEPR Policy Research