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1 posts on "European Monetary Union"
May 31, 2023

Do Economic Crises in Europe Affect the U.S.? Some Lessons from the Past Three Decades

Ozge Akinci and Paolo Pesenti

decorative photo: flags of U.S. and Euro

In this post we summarize the main results of our contribution to a recent e-book, “The Making of the European Monetary Union: 30 years since the ERM crisis,” on the economic and financial crises in Europe since 1992-93, and focus on the spillovers of those crises onto the United States and the global economy. We find that the answer to the question in the title of this post is a (moderate) yes.

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Posted at 7:00 am in Credit, Crisis, DSGE, Euro Area, Exchange Rates, Exports, International Economics, Macroeconomics | Permalink

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