The workshop will explore four main themes: - The role and design of common European fiscal instruments; - The relative roles of market discipline and fiscal rules in incentivizing good fiscal policy; - The aims and design of European fiscal rules. - The role of national independent fiscal...

Topics: 1. The Euro Debt crisis - Sovereign default, bailouts and moral hazard in a monetary union - Real and nominal convergence in a monetary union - Fiscal dimensions of regional and global financial crises - The political economy of debt crises and policy responses 2. The global economy...