A journey down the slippery slope to the European crisis: a theorist's guide

Chari, V. V.; Dovis, Alessandro; Kehoe, Patrick J.

A journey down the slippery slope to the European crisis: a theorist's guide

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Citation

Chari, V, Dovis, A, Kehoe, P. A journey down the slippery slope to the European crisis: a theorist's guide. 2017. handle: http://hdl.handle.net/10230/28047

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Abstract

We offer a theoretically based narrative that attempts to account both for the formation of the European Monetary Union and the callenges it has faced. Lack of commitment to policy plays a central role in this narrative.