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After the Crisis: Reform, Recovery, and Growth in Europe

Editor

Listed:
  • Caselli, Francesco
    (Norman Sosnow Professor of Economics, London School of Economics)

  • Centeno, Mario
    (Advisor of the Board, Banco de Portugal and Professor of Economics, Lisbon University)

  • Tavares, Jose
    (Professor of Economics, Nova School of Business and Economics)

Abstract

After the Crisis reassesses the twin projects of structural reform and European integration in the wake of the Great Recession and the European Sovereign Debt Crisis. The introduction compares the pre-crises debate to the current situation, and highlights a number of ways in which both reform and further integration may have become more difficult. Chapter 1 surveys the state of the structural-reform agenda, its successes, failures, and priorities for further action. The second chapter focuses on the fiscal-policy response to the crisis and advocates a greater balance between supply-side reforms and demand-side management. The third chapter focuses on the asymmetric shocks across economies in the monetary union, and discusses institutional mechanisms to reduce their frequency and impact. Chapter 4 examines the cyclical behavior of output and financial indicators, as well as the counter-cyclical role of macro-financial policies, both at the national and the European level. The fifth chapter studies changes in Europeans' attitudes, showing how the recent crises have eroded public confidence in European institutions. The sixth chapter tackles the demographic challenges facing Europe, and particularly the way that demographic change may impact the reform agenda. Chapter 7 highlights the under-appreciated extent to which 'Europe', taken as a whole, is characterized by a substantial amount of inequality and geographical income clustering, and the challenge this poses for further integration. Contributors to this volume - Francesco Caselli, London School of Economics Mario Centeno, Banco de Portugal and Lisbon University Antonio Fatas, INSEAD Carlo A. Favero, Universita Bocconi, IGIER, and CEPR Jeffry A. Frieden, Harvard University Vincenzo Galasso, Universita Bocconi, IGIER, and CEPR Paul De Grauwe, London School of Economics Yuemei Ji, University College London Philip R. Lane, Trinity College Dublin and CEPR Alvaro Novo, Banco de Portugal Andre Sapir, Universite libre de Bruxelles Carlos da Silva Costa, Governor of Banco de Portugal Jose Tavares, Nova School of Business and Economics

Suggested Citation

  • Caselli, Francesco & Centeno, Mario & Tavares, Jose (ed.), 2016. "After the Crisis: Reform, Recovery, and Growth in Europe," OUP Catalogue, Oxford University Press, number 9780198754688.
    • Handle: RePEc:oxp:obooks:9780198754688
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    Citations

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    Cited by:

    1. Alessio Terzi, 2019. "The Euro Crisis and Economic Growth: A Novel Counterfactual Approach," CESifo Working Paper Series 7746, CESifo.
    2. Andrea Brandolini & Alfonso Rosolia, 2019. "The Distribution of Well-Being among Europeans," SOEPpapers on Multidisciplinary Panel Data Research 1052, DIW Berlin, The German Socio-Economic Panel (SOEP).
    3. Ignacio Jurado & Stefanie Walter & Nikitas Konstantinidis & Elias Dinas, 2020. "Keeping the euro at any cost? Explaining attitudes toward the euro-austerity trade-off in Greece," European Union Politics, , vol. 21(3), pages 383-405, September.
    4. John G. Fernald & Robert E. Hall & James H. Stock & Mark W. Watson, 2017. "The Disappointing Recovery of Output after 2009," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 48(1 (Spring), pages 1-81.
    5. McQuinn, Kieran & Varthalitis, Petros, 2018. "How openness to trade rescued the Irish economy," MPRA Paper 90416, University Library of Munich, Germany.
    6. Philip R. Lane, 2019. "Macrofinancial Stability and the Euro," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(3), pages 424-442, September.
    7. Philip R. Lane, 2019. "Globalisation: A Macro-Financial Perspective," The Economic and Social Review, Economic and Social Studies, vol. 50(2), pages 249-263.
    8. Jonas A. Gunnarsson & Gylfi Zoega, 2017. "East Versus West on the European Populism Scale," CESifo Working Paper Series 6663, CESifo.
    9. Terzi, Alessio, 2020. "Macroeconomic adjustment in the euro area," European Economic Review, Elsevier, vol. 128(C).
    10. Chase Foster & Jeffry Frieden, 2017. "Crisis of trust: Socio-economic determinants of Europeans’ confidence in government," European Union Politics, , vol. 18(4), pages 511-535, December.
    11. Theodore Mariolis & Nikolaos Rodousakis & Apostolis Katsinos, 2019. "Wage versus currency devaluation, price pass-through and income distribution: a comparative input–output analysis of the Greek and Italian economies," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 8(1), pages 1-23, December.
    12. Giuseppe Ferrero & Marco Gross & Stefano Neri, 2019. "On secular stagnation and low interest rates: Demography matters," International Finance, Wiley Blackwell, vol. 22(3), pages 262-278, December.
    13. Gilles Dufrénot & Meryem Rhouzlane, 2018. "Secular Stagnation: New Challenges for the Industrialized Countries in the 21st Century," Working Papers halshs-01821669, HAL.
    14. Gruber, Harald, 2019. "Proposals for a digital industrial policy for Europe," Telecommunications Policy, Elsevier, vol. 43(2), pages 116-127.

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