Titlebook: New Challenges for the Eurozone Governance; Joint Solutions for José Caetano,Isabel Vieira,António Caleiro Book 2021 The Editor(s) (if app

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A Rule-Based Monetary Strategy for the European Central Bank: A Call for Monetary Stability,istently low inflation and near-zero interest rates. Under our proposal, monetary stability becomes the guiding principle for providing macroeconomic stability over the medium and long term, as well as for enhancing the transparency of the ECB communication policies.

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Surfing the Epidemic at the Zero Lower Bound: A Eurozone Fiscal Era?,f public spending. That is the objective of this chapter, and against this background we immerse ourselves in the debates on Functional Finance in the context of World War II to present an automatic mechanism fixed to a clear policy rule.

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,Reforming Under Pressure: The Evolution of Eurozone’s Fiscal Governance During a Decade of Crises,scape. The European Council’s agreement on Next Generation EU has been an undoubtedly positive development in terms of addressing short-term fiscal needs. However, its long-term impact on the supranational institutions of fiscal governance is limited and uncertain. The objective of this chapter is t

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,Essential and Non-essential Goods: A?Dynamic Stochastic General Equilibrium Modeling of the Infecti the negative income effect dominates the decreased demand effect for non-essential goods and that stagflation is a plausible scenario. Lastly, our calibration scheme allows us to conclude that the asymmetric effects across economies may be due to different price rigidities between sectors and to di

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Social Challenges for the Eurozone,here in all the eurozone countries and to analyse any divergences occurring over the coming months. Discrepancies in social indicators already existed before COVID-19, and, therefore, their starting points need to be estimated to make predictions for different scenarios. This is a crucial issue when