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- W2913653553 abstract "We look at the euro zone’s major structural difficulties and the ways to correct them. They are: the growing heterogeneity of the member countries’ economies, due in particular to diverging productive specialisations and the fact that this heterogeneity is not corrected by federalism; the end of capital mobility between OECD countries; the lack of coordination of the economic policies that generate externalities between the euro-zone countries; the asymmetrical nature of adjustment mechanisms (fiscal policies, cost competitiveness), which are only implemented by the troubled countries; and the difficulty in managing fiscal policy and public debt." @default.
- W2913653553 created "2019-02-21" @default.
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- W2913653553 date "2018-01-01" @default.
- W2913653553 modified "2023-10-17" @default.
- W2913653553 title "What are the Euro Zone’s Main Difficulties?" @default.
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- W2913653553 doi "https://doi.org/10.3917/reof.157.0299" @default.
- W2913653553 hasPublicationYear "2018" @default.
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