The European roots of the Eurozone crisis : errors of the past and needs for the future
Author(s)
Bibliographic Information
The European roots of the Eurozone crisis : errors of the past and needs for the future
Palgrave Macmillan, c2017
Available at 6 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references (p. 443-448) and index
Description and Table of Contents
Description
This book examines the Eurozone crisis in light of theoretical and empirical evidence. The first half explores specific theoretical contributions within a framework of growth theory models to examine the two major pillars of the European construction, the European Central Bank and the Maastricht Treaty, and seeks to explain why they are theoretically wrong. The second half presents results of counterfactual simulations using the Oxford Econometric model and estimates what the Eurozone has lost in terms of economic and social cost from 2002 to 2014 as a consequence of the super-evaluation of the Euro and the Maastricht Treaty parameters being mistakenly fixed and pursued. Finally, the author supports the urgent need to refund the European Union, up-dating The Maastricht Treaty and the ECB statute to build three concentric circles: the USE (United States of Europe), the EU (European Union), the EAFTDA (Europe/Africa Free Trade and Development Area).
Table of Contents
1.- Introduction: Theoretical and Empirical Achievements.- PART I: Some Theoretical Foundations: Why European Treaties and Theoretically Wrong.- 2. Government Expenditure, Inflation and Growth: The Base Model.- 3. 6. the="" there?Economic Policy, Government Investment Programs, Inflation and Growth.- 4. Government Investment Programs in the Open-Economy Case.- 5. Optimal Growth Path for the Economy and Optimal Policies for Government Expenditure.- 6.Optimal Discount Rates for Investment Decisions: Myopic Private Rules versus Hyperopic Government Rules.- 7. Allocation of Time, Human Capital and Endogenous Growth.- 8. Earnings and Human Capital in a Deterministic Life-Cycle Model: Spring-Saving Behavior for Growth.- 9. Taxation, Income Distribution and Optimal Programs to Finance Higher Education.- 10. Income Distribution, Equity and Growth.- PART II: Some Empirical Evidence: Why European Treaties are a Negative-sum Game.- 11. The Cost of the Super-Euro: 2002-2014.- 12. A new Maastricht Treaty?.- 13. What Would Have Happened in Europe if Mr.Draghi Had Not Been There?
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