Rebooting the Eurozone: Agreeing a Crisis narrative - a new CEPR Policy Insight

Wednesday, November 25, 2015

This Policy Insight summarises the consensus that emerged from the contributions to the first eBook of the Rebooting Europe project. It is signed by Richard Baldwin, Thorsten Beck, Agnès Bénassy-Quéré, Olivier Blanchard, Giancarlo Corsetti, Paul de Grauwe, Wouter den Haan, Francesco Giavazzi, Daniel Gros, Sebnem Kalemli-Ozcan, Stefano Micossi, Elias Papaioannou, Paolo Pesenti, Christopher Pissarides, Guido Tabellini and Beatrice Weder di Mauro, and is available for free download here. A Vox column summarising it is available hereand the authors' slides are available here.

The goal of the Rebooting Europe project is to establish a consensus on the causes and a narrative for the EZ crisis: to agree what happened as a first step towards developing a consensus on what should be done to fix the current problems and to create mechanisms that will make the next crisis less damaging. The first eBook is available for free download here.

On the project, Paul Krugman said “This is a very good idea … Furthermore, their narrative looks very right to me.” (Paul Krugman, The Conscience of a Liberal blog, 20 November 2015.)