policymaking in Germany. The analysis highlights the interplay between economic history and the history of ideas in shaping … policymaking in postwar (West) Germany. The paper argues that Germany learned the wrong lessons from its own history and misread …-inflationary bias, feature prominently in this collective odyssey. The analysis shows that the crisis of the euro today is largely the …

institutional deficiencies share responsibility for the euro's failure, the bank has generally done "too little, too late" with … regard to managing the euro crisis, preventing protracted stagnation, and containing deflation threats. The bank remains … attached to the euro area’s official competitive wage-repression strategy, which is in conflict with the ECB's price stability …

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 …. Germany had sought every protection against the much-dreaded euro "transfer union", but its own conduct has made that very …

This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro … crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances … unemployment continue to plague euro crisis countries. Its huge current account surplus highlights that the euro currency union …

policymaking in Germany. The analysis highlights the interplay between economic history and the history of ideas in shaping … policymaking in postwar (West) Germany. The paper argues that Germany learned the wrong lessons from its own history and misread …-inflationary bias, feature prominently in this collective odyssey. The analysis shows that the crisis of the euro today is largely the …

inherited from Germany’s mercantilist past and Bundesbank mythology. Steps toward a fiscal union to back the euro are also … warranted. -- Economic and Monetary Union ; euro ; European Central Bank; global imbalances ; global crisis ; intra …-area imbalances ; competitiveness positions ; policy coordination ; tax-push inflation ; financial supervision ; mercantilism …

inherited from Germany's mercantilist past and Bundesbank mythology. Steps toward a fiscal union to back the euro are also …

inherited from Germany's mercantilist past and Bundesbank mythology. Steps toward a fiscal union to back the euro are also …

inherited from Germany's mercantilist past and Bundesbank mythology. Steps toward a fiscal union to back the euro are also …