Luigi Guiso, Massimo Morelli, 03 November 2014

Eurozone countries need to stop the stagnation and improve their management of future crises. In this column, the authors argue that both issues should be addressed simultaneously. To achieve this goal, they propose the creation of a European Federal Institute. This Institute would coordinate short-run anti-recession measures, and implement steps towards a federal budget that would fix the European institutional design in the long run.


CEPR Policy Research