Research
Crisis Cycle: Challenges, Evolution, and Future of the Euro
A draft book on monetary-fiscal foundations of the euro. With Luis Garicano and Klaus Masuch. Click the title for more information. Read the book>
Updated, August 6 2024. With Luis Garicano and Klaus Masuch. New title, final (for now) book draft. Comments welcome. The euro started with a good monetary-fiscal framework. However, innovations in a series of unexpected crises changed the monetary-fiscal foundations of the euro dramatically. We tell the story, and suggest reforms. Read the book>