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Saving the eurozone: Modelling an alternative vison of Europe.

Michell, Jo


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Jo Michell
Professor of Economics


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.


Michell, J. (2015). Saving the eurozone: Modelling an alternative vison of Europe

Report Type Technical Report
Publication Date Jan 1, 2015
Peer Reviewed Not Peer Reviewed
Keywords Eurozone, macroeconomics, policy
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