| Titre | What are the Euro Zone's Main Difficulties? | |
|---|---|---|
| Auteur | Patrick Artus | |
 |
Revue | Revue de l'OFCE (Observations et diagnostics économiques) |
| Numéro | no 157, septembre 2018 Whither the Economy? | |
| Page | 299-317 | |
| Résumé anglais |
We look at the euro zone's major structural difficulties and the ways to correct them. They are: the growing heterogeneity of the member countries' economies, due in particular to diverging productive specialisations and the fact that this heterogeneity is not corrected by federalism; the end of capital mobility between OECD countries; the lack of coordination of the economic policies that generate externalities between the euro-zone countries; the asymmetrical nature of adjustment mechanisms (fiscal policies, cost competitiveness), which are only implemented by the troubled countries; and the difficulty in managing fiscal policy and public debt. Source : Éditeur (via Cairn.info) |
|
| Article en ligne | http://www.cairn.info/article.php?ID_ARTICLE=REOF_157_0299 |
