Research
Reforming the Euro: Lessons From Four Crises
A draft book on monetary-fiscal foundations of the euro. With Luis Garicano and Klaus Masuch. Click the title for more information. Read the book>
With Luis Garicano and Klaus Masuch. Book draft, comments welcome. The euro started with a good monetary-fiscal framework. However, innovations in a series of unexpected crises changed the monetary-fiscal foundations of the euro dramatically. We tell the story, and suggest reforms. Read the book>