, this paper analyzes how the resulting euro contradiction conditioned the ongoing euro crisis as well as current strategies … to resolve it. While Germany generally prevailed in hammering out the design of the euro policy regime, the German … misunderstanding has made Germany the main culprit in the euro crisis, but it has yet to face the full consequences of its actions …

policy for the euro area. Conventional accounts of European growth, price, and labor market performance over recent years …This brief assesses the experiences of Europe's policy regime in the two years since the introduction of the euro in … focus on labor market institutions and wage trends. By contrast, the interpretation offered here assigns a key role to …

At the start of 1999, a new policy regime was introduced in Europe that included the launch of the euro and the … developments in the euro area stand out. On the one hand, economic growth picked up markedly by mid-1999 and employment growth has …. Conventional wisdom views the former facts as being mainly driven by changing labor market institutions and wage trends (OECD 1994 …