Paolo Manasse, Dimitris Katsikas, (2018), “Economic crisis and structural reforms in Southern Europe: Policy lessons”, Vox, 1 February
The basic ingredients of the policy prescriptions in response to the euro area debt crisis were quite similar across Southern Europe. This column explores the economic, political, and institutional factors that differentially affected the success of these prescriptions from country to country. Policy timing and sequencing, the balance between fiscal consolidation and structural reforms, and external constraints all play crucial roles. Future reform programmes should be calibrated to the distinct economic, social, and political features of targeted countries.
See the book here: New Book Release, (2018), “Economic crisis and structural reforms in the Southern Europe: Policy Lessons”, Routledge Studies in the European Economy