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Bertola, Giuseppe / Driffill, John / James, Harold / Sinn, Hans-Werner / Sturm, Jan-Egbert / Valentinyi, Ákos

Chapter 2: European Imbalances

This chapter identifies the factors that led to imbalances in the euro area, which resulted in the current balance-of-payments crisis. The chapter also discusses how rebalancing might be achieved, and how fiscal policy could accelerate this process.

EEAG Report on the European Economy 2013, 55-72

Publisher: CESifo Group Munich, Munich, 2013

Article number: 11152013001005

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  1. Bertola, Giuseppe, John Driffill, Harold James, Hans-Werner Sinn, Jan-Egbert Sturm and Ákos Valentinyi, "EEAG Report on the European Economy 2013 - Rebalancing Europe", CESifo Group Munich, Munich, 2013, 01-116 | Details | PDF Download

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