The European Roots of the Eurozone Crisis
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Mario Baldassarri
is Professor Emeritus of Economics at Sapienza University of Rome, Italy. He was member of the Italian Government as Vice-Minister of Economy and Finance (2001-2006), Senator of the Italian Republic (2006-2013) and Chairman of the Permanent Senate Commission in Finance and Treasury (2008-2013). This book complete a trilogy about World Economy and Europe together with two other previous books: The World Economy toward Global Disequilibrium and How to reach full employment and high growth in Europe. He is also Editor of Quo Vadis: World Economy and Institutions at a Cross-roads and of the series Central Issues on Contemporary Economic Theory and Policies.
Content
1.- Introduction: Theoretical and Empirical Achievements.- PART I: Some Theoretical Foundations: Why European Treaties and Theoretically Wrong.- 2. Government Expenditure, Inflation and Growth: The Base Model.- 3. sp;6. the="" there?Economic Policy, Government Investment Programs, Inflation and Growth.- 4. Government Investment Programs in the Open-Economy Case.- 5. Optimal Growth Path for the Economy and Optimal Policies for Government Expenditure.- 6.Optimal Discount Rates for Investment Decisions: Myopic Private Rules versus Hyperopic Government Rules.- 7. Allocation of Time, Human Capital and Endogenous Growth.- 8. Earnings and Human Capital in a Deterministic Life-Cycle Model: Spring-Saving Behavior for Growth.- 9. Taxation, Income Distribution and Optimal Programs to Finance Higher Education.- 10. Income Distribution, Equity and Growth.- PART II: Some Empirical Evidence: Why European Treaties are a Negative-sum Game.- 11. The Cost of the Super-Euro: 2002-2014.- 12. A new Maastricht Treaty?.- 13. What Would Have Happened in Europe if Mr.Draghi Had Not Been There?