Sustainable Growth in the EU Challenges and Solutions
This book explores the diverse challenges facing the EU and in particular examines the impediments to financial stability and sustainable growth and how these can be overcome. Among the topics explored are the extent to which monetary union has favored re
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Sustainable Growth in the EU Challenges and Solutions
Sustainable Growth in the EU
Luigi Paganetto Editor
Sustainable Growth in the EU Challenges and Solutions
123
Editor Luigi Paganetto FUET, Economics Foundation University of Rome Tor Vergata Rome Italy
ISBN 978-3-319-52017-9 DOI 10.1007/978-3-319-52018-6
ISBN 978-3-319-52018-6
(eBook)
Library of Congress Control Number: 2017936698 © Springer International Publishing AG 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Contents
Capital Intensity and Growth in the European Union . . . . . . . . . . . . . . . D. Salvatore and F. Campano
1
Youth Employment and Social Capital in Europe . . . . . . . . . . . . . . . . . . A. Arnorsson and G. Zoega
9
Incomes, Hours of Work, and Equality in Europe and the United States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . T. Gylfason How to Complete a Union that Is Built to Last . . . . . . . . . . . . . . . . . . . . Michael Mitsopoulos and Theodore Pelagidis The European Policy Framework: A Lack of Coordination Between Monetary Policy and Fiscal Policy . . . . . . . . . . . . . . . . . . . . . . . Ernesto L. Felli and Giovanni Tria
49 69
89
Sovereign Debt Restructuring Mechanisms: Mind the Trap . . . . . . . . . . 105 Riccardo Barbieri Hermitte The Post-2007 Developments in the Italian Economy: A Counterfactual Analysis with the ITEM Model . . . . . . . . . . . . . . . . . . 121 Francesco Felici, Francesco Nucci, Ottavio Ricchi and Cristian Tegami Governance of the Single Market. How to Win Allies for a New Opening? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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