Over the past four decades, government debt as a fraction of GDP has been on an upward
trajectory in advanced economies, approaching levels not reached since World War II. While …

Governments are present-biased toward spending. Fiscal rules are deficit limits that trade off
commitment to not overspend and flexibility to react to shocks. We compare coordinated …

Most parts of the Euro area have seen seven years of deep economic crisis. The strategy of
tightening the fiscal constraints of the SGP has driven many member states into austerity. In …

This book is a revised version of a study on the German financial system which was
prepared as part of the research project 'Financialisation, Economy, Society and Sustainable …

The aim of this article is to offer an overview of the relevant literature devoted to the
constitutional implications of the European Union (EU) crisis. My analysis explores the main …

This article offers a corrective to the notion that German ordoliberal ideology is the key to
understanding German policy behavior during the Eurocrisis and, by extension, to the …

The euro area is currently going through its worst period of recession and economic
stagnation since the Great Depression and World War II. The article tries to give an …

The dissertation consists of three independent chapters. Although they use different
methodologies and contribute to different fields of economics, they all try to answer the same …

The euro crisis remains unresolved even as financial markets may seem calm for now. The
current euro regime is inherently flawed, and recent reforms have failed to turn this …

Fiscal policy in the Euro area is still dominated by austerity measures implemented under
the institutional setting of the “reformed” stability and growth pact, and the even stricter “fiscal …