After the Crisis
Reform, Recovery, and Growth in Europe
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Product details:
- Publisher OUP Oxford
- Date of Publication 30 June 2016
- ISBN 9780198754688
- Binding Hardback
- No. of pages222 pages
- Size 241x160x17 mm
- Weight 472 g
- Language English
- Illustrations 68 Figures and 39 Tables 0
Categories
Short description:
The volume discusses the way forward for European countries as they face the challenges of a period of protracted growth in the wake of the economic and sovereign debt crisis.
MoreLong description:
After the Crisis reassesses the twin projects of structural reform and European integration in the wake of the Great Recession and the European Sovereign Debt Crisis.
The introduction compares the pre-crises debate to the current situation, and highlights a number of ways in which both reform and further integration may have become more difficult. Chapter 1 surveys the state of the structural-reform agenda, its successes, failures, and priorities for further action. The second chapter focuses on the fiscal-policy response to the crisis and advocates a greater balance between supply-side reforms and demand-side management. The third chapter focuses on the asymmetric shocks across economies in the monetary union, and discusses institutional mechanisms to reduce their frequency and impact. Chapter 4 examines the cyclical behavior of output and financial indicators, as well as the counter-cyclical role of macro-financial policies, both at the national and the European level. The fifth chapter studies changes in Europeans' attitudes, showing how the recent crises have eroded public confidence in European institutions. The sixth chapter tackles the demographic challenges facing Europe, and particularly the way that demographic change may impact the reform agenda. Chapter 7 highlights the under-appreciated extent to which 'Europe', taken as a whole, is characterized by a substantial amount of inequality and geographical income clustering, and the challenge this poses for further integration.
Table of Contents:
Foreword
Introduction
The Agenda for Structural Reform in Europe
Crisis Management and Economic Growth in the Eurozone
Dealing with EMU heterogeneity: National vs. European Institutional Reforms
Macro-Financial Stability under EMU
Demographics and the Secular Stagnation Hypothesis in Europe
Winners, Losers, and the Future of European integration
The Challenge of European Inequality
