Publications

Public Policy Brief No. 106 | November 2009

Can Euroland Survive?

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.


Publication Highlight

Working Paper No. 897
Quantitative Easing and Asset Bubbles in a Stock-flow Consistent Framework
Author(s): Cameron Haas, Tai Young-Taft
September 2017

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