Blog di Angelantonio Viscione

Abstract:  In the debate between supporters and critics of the euro, the opposing ideological extremes have gotten it wrong. The most important lesson we can learn from the experience of the past is that the outcome, in terms of growth, distribution, and employment, depends on how a country remains in the euro; or, in the case of a euro exit, on the quality of the economic policies that are put in place once the country regains control of monetary and fiscal matters, and not on the fact of abandoning the previous exchange system. At the same time, historical experience suggests that countries with higher per capita income and more stable political institutions would be more likely to benefit from a euro exit.   Link:  International Journal of Political Economy Realfonzo R., Viscione A., “The Real Effects of a Euro Exit: Lessons from the Past”, International Journal of Political Economy, 2015, vol. 44, n. 3, pp. 161-173, ISSN 0891-1916

Abstract: A technical analysis shows that the doomsayers who support the euro at all costs and those who naively theorize that a single currency is the root of all evil are both wrong. A euro exit could be a way of getting back to growth, but at the same time it would entail serious risks, especially for wage earners. The most important lesson we can learn from the experience of the past is that the outcome, in terms of growth, distribution, and employment, depends on how a country remains in the euro; or, in the case of a euro exit, on the quality of the economic policies that are put in place once the country regains control of monetary and fiscal matters, rather than on abandoning the old exchange system as such. It all depends on how a country stays in the eurozone, or on how it leaves if need be. Link: Levy Economics Institute Realfonzo R. e Viscione A., “The effects of an exit from the euro on growth, employment andwages”, Levy Economics Institute, 2015, working paper n....

L’analisi tecnica dimostra che hanno torto sia i catastrofisti sostenitori dell’euro senza se e senza ma sia gli ingenui teorici della moneta unica come origine di tutti i mali. L’euroexit potrebbe essere una strada per tornare a crescere, ma al tempo stesso cela gravi rischi, soprattutto per il mondo del lavoro. A ben vedere, tutto dipende da come si resta nell’euro e da come, eventualmente, se ne esce.  Continua su Economia e Politica L’analisi tecnica dimostra che hanno torto sia i  catastrofisti sostenitori dell’euro senza se e senza ma  sia gli ingenui teorici del la moneta unica come origine di tutti i mali. L’euroexit potrebbe essere una strada per tornare a crescere, ma al tempo stesso cela gravi rischi, soprattutto per il mondo del lavoro. A ben vedere, tutto dipende da come si resta nell’euro e da come , eventualmente, se ne esce. - See more at: http://www.economiaepolitica.it/primo-pian...