This book adopts a comprehensive approach, combining the views of economists and political scientists, to assess the threats of maintaining the non-collaborative stance that prevailed in the response to past crises, and to explore new solutions to the present emergency. The coronavirus pandemic...

1. The Future of the Euro Zone: A Reflection Paper on the North/South Divide -- 2. European Monetary Union and the Covid-19 Crisis: A Tightrope Act with the Risk of Falling -- 3. Europe at the Crossroads of the COVID-19 Crisis: Integrated Macroeconomic Policy Solutions for an Asymmetric Area --...

Reflecting the diverse and profound changes triggered by the latest wave of economic globalization, this book highlights various governance responses at national, regional and global levels. The topics covered are wide-ranging and include economic history and development, European integration,...

Jorge Braga de Macedo as an Economic Historian: The Transition of the Portuguese Economy from the Authoritarian to the Democratic Period (1960-1979) -- Bagehot for “Followers”: How Did the Portuguese Lender of Last Resort Manage the First Post World War I Crisis? -- What’s in a Bond? The...

This article aims at a new approach for a known fundamental result: barter or trade increases economic value. It successfully bridges the gap between the theory of value and the exchange process attached to the transition from endowments to the equilibrium in the core and contract curve. First,...

The great majority of the theoretical analyses about electoral cycles has considered the national space as the territory of interest when studying the economic consequences of an electoralist behaviour by the central government. This fact, in conjunction to the nature of the data most commonly...

This note shows in what circumstances output persistence may invert the pattern of the political business cycle when inflation expectations are of the adaptive or rational type and the government preferences are quadratic over output and inflation.

Confidence in general and consumer confidence in particular are subject to increasing interest by many agents, including central banks and governments at the national level, and supranational entities, such as the European Commission of the European Union. Although the academic community shares...