1. From the Great Depression to the Great Recession -- 2. Causes of the US subprime mortgage crisis -- 3. The crisis spreads to Europe -- 4. Why the European sovereign debt crisis has lasted so long -- 5. US fiscal and monetary policy to cope with the Great Recession -- 6. The role of Germany in...

The study searches for an optimal Dollar–Euro exchange rate policy for the US and the Euro Area (EA) countries. To achieve this, it explores the causal links between the US Dollar–Euro exchange rate and three key macroeconomic variables. The empirical investigation is carried out in an Error...