@techreport { , title = {Saving the eurozone: Modelling an alternative vison of Europe.}, abstract = {This Policy Brief tries to envisage a different Europe. It is the second in a series of three in which future macroeconomic scenarios for Europe are analysed using projections generated by the Cambridge-Alphametrics Model (CAM). This Policy Brief explores a scenario in which austerity is reversed and Eurozone countries experience a period of sustained capital investment. An increase in the European Federal Budget allows fiscal flows to offset the imbalances that inevitably occur within a heterogeneous monetary union. Under such a scenario, model simulations project sustained growth and containment of debt-to-GDP ratios.}, publicationstatus = {Published}, url = {https://uwe-repository.worktribe.com/output/843470}, keyword = {Bristol Centre for Economics and Finance (now disbanded), Eurozone, macroeconomics, policy}, year = {2015}, author = {Michell, Jo} }