After the Crisis reassesses the twin projects of structural reform and European integration in the wake of the Great Recession and the European Sovereign Debt Crisis.The introduction compares the precrises debate to the current situation, and highlights a number of ways in which both reform and further integration may have become more difficult. Chapter 1 surveys the state of the structuralreform agenda, its successes, failures, and priorities for further action. The second chapter focuses on the fiscalpolicy response to the crisis and advocates a greater balance between supplyside reforms and demandside management. The third chapter focuses on the asymmetric shocks across economies in the monetary union, and discusses institutional mechanisms to reduce their frequency and impact. Chapter 4 examines the cyclical behavior of output and financial indicators, as well as the countercyclical role of macrofinancial policies, both at the national and the European level. The fifth chapter studies changes in Europeans attitudes, showing how the recent crises have eroded public confidence in European institutions. The sixth chapter tackles the demographic challenges facing Europe, and particularly the way that demographic change may impact the reform agenda. Chapter 7 highlights the underappreciated extent to which Europe, taken as a whole, is characterized by a substantial amount of inequality and geographical income clustering, and the challenge this poses for further integration.

Binding: Hardcover;222 pages; Publisher: Oxford University Press; Classification: KCG; Weight: 592 g; Dimensions: 241 x 160 x 17

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