Calmfors, Lars; Corsetti, Giancarlo; Hassler, John; … - In: EEAG Report on the European Economy (2012) 02, pp. 08-16
Chapter 1 of the report discusses the immediate macro economic outlook for the global economy. Chapter 2 argues that the euro crisis was fundamentally triggered by major macroeconomic imbalances within the euro area. These imbalances hindered capital flows, while uncertainty surrounding the...