IDEAS home Printed from https://ideas.repec.org/p/ter/wpaper/00157.html
   My bibliography  Save this paper

Stagflation and fragmentation: The euro area at the crossroad

Author

Listed:
  • Pierpaolo Benigno
  • Paolo Canofari
  • Giovanni Di Bartolomeo
  • Marcello Messori

Abstract

The euro area is facing potential financial market fragmentation amid high inflation. We discuss two strategic responses: applying for European Stability Mechanism aid or strengthening a central fiscal capacity with country-specific rules. Each path suggests distinct EU architectural outcomes.

Suggested Citation

  • Pierpaolo Benigno & Paolo Canofari & Giovanni Di Bartolomeo & Marcello Messori, 2022. "Stagflation and fragmentation: The euro area at the crossroad," wp.comunite 00157, Department of Communication, University of Teramo.
    • Handle: RePEc:ter:wpaper:00157
    as

    Download full text from publisher

    File URL: https://www.dipecodir.it/wpcom/data/wp_no_157_2022.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    euro area; stagflation; financial fragmentation; European Stability Mechanism; fiscal policy;
    All these keywords.

    JEL classification:

    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ter:wpaper:00157. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Giovanni Di Bartolomeo (email available below). General contact details of provider: http://sites.google.com/a/uniroma1.it/cimeo/home .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.