eurozone
Did the Euro Reduce Market Power?
Academics have argued that changes in product markup trends show that the European markets, abetted by the adoption of the Single Market and stronger antitrust enforcement, have become more competitive over the last half-century, whereas American markets have become more concentrated. In their research, Tommaso Crescioli and Angelo Martelli argue that a study of labor market power in Europe muddles this picture of higher competition in Europe.
What the European Union Can Do to Overcome Liquidity Shortages for Firms
European institutions can mitigate the negative impact of the coronavirus crisis: the European Investment Bank (EIB) can borrow from the European Central Bank (ECB) and...
This Is Not the Time to Be Cautious. We Need to Contain the Economic Contagion of the Coronavirus
The real danger is that the virus mutates and infects our economic system, even as we manage to root it out of our bodies....
The ECB Can Save the Italian Economy and Prevent a New Euro Crisis Triggered by Covid-19 Fallout
The Italian government's effort to contain the coronavirus will have significant economic consequences. Italy should be allowed to ask for emergency help with one...
