Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54329
Authors: 
Kelton, Stephanie A.
Wray, L. Randall
Year of Publication: 
2009
Series/Report no.: 
Public policy brief // Jerome Levy Economics Institute of Bard College 106
Abstract: 
Social unrest across Europe is growing as Euroland's economy collapses faster than the United States', the result of falling exports and a weaker fiscal response. The controversial title of this brief is based on a belief that the nature of the euro itself limits Euroland's fiscal policy space. The nations that have adopted the euro face market-imposed fiscal constraints on borrowing because they are not sovereign countries. Research Associate Stephanie A. Kelton and Senior Scholar L. Randall Wray foresee a real danger that these nations will be unable to prevent an accelerating slide toward depression that will threaten the existence of the European Union.
ISBN: 
978-1-936192-00-7
Document Type: 
Research Report

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.