Transatlantic Austerity 2010–13. A Comparative Assessment

Abstract

Fifteen papers explore the reasons for Europe's poor performance in terms of overall growth and its progressively diminishing role in the global context. Papers discuss perspectives on growth, trade, and social agenda expenditures in the Eurozone during the rest of this decade, with and without the EU-US transatlantic trade and investment partnership; whether trade can become an engine of growth again for Europe and the world; trade margins and exchange rate regimes--new evidence from a panel VARX model; rebalancing and the euro; what kind of financial integration is possible under the banking union; structural reforms in the eurozone--whether it is a case of self-defeating expectations; transatlantic austerity 2010-13--a comparative assessment; what went wrong with Western Europe--an essay on the causes of its economic decline and possible remedies; revitalizing Europe's economy--moving toward growth; the corporatist antagonism to economic dynamism; growing-by-unleashing grassroots entrepreneurship and Alibaba innovations; the evolution of European energy and climate policies--the view of a market player; moving toward a fair and rigorous international emissions trading system--a blueprint for success; remedies for the corruption of the institutional system; and governance, moral, and economic values. Paganetto is with FUET, Economics Foundation at the University of Rome Tor Vergata. No index.