Collignon, Stefan - In: International Journal of Public Policy 3 (2008) 1/2, pp. 72-99
Due to collective action problems, the Eurozone is stuck in a sub-optimal macropolicy mix of too expansionary fiscal … coordination, no mechanisms, institutions or effective rules are established in order to overcome the collective action problem … investment performance which resulted in low average GDP growth and low average productivity growth – contrary to the aims of …