Antonio Fatas on the Global Economy

Thursday, June 7, 2012

The Difficulty in Accepting "Discretionary Stabilizers"

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As the debate on the appropriateness of doing more fiscal and monetary stimulus continues, here is a reflection on something that I never un...
Monday, June 4, 2012

Fiscal Federation or Fiscal Policy

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Can a monetary union work without being a fiscal federation? This has been a question that has been repeatedly asked since EMU became a proj...
Friday, May 25, 2012

With or Without the Euro

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UK GDP contracted faster than previously announced in the first quarter of 2012. What would the evolution of GDP have looked like during th...
Tuesday, May 22, 2012

Ignore Competitiveness?

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Wolfgang Munchau in the Financial Times argues that competitiveness is not the real problem of Southern Europe and that internal devaluatio...
Sunday, May 6, 2012

Germany and the Benefits of the Euro

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Since the launch of the Euro, there has always been a question about the benefits that Germany could enjoy of sharing a currency with other ...
Monday, April 30, 2012

Euro and US Coordinating Austerity

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To add yet one more perspective on how significant the shift to austerity among advanced economies has been since 2009, I decided to add the...
Thursday, April 26, 2012

Ideology and Facts in the Economic Policy Debate

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The fact that ideology matters in the economic policy debate should not be a surprise to anyone. But the influence that ideology has has in ...
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