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Table of Contents
1 Capital Intensity and Growth in the European Union; Abstract; 1 Introduction; 2 The Long-Run Parameters; 3 The Projection Scenarios; 4 Conclusions; References; 2 Youth Employment and Social Capital in Europe; Abstract; 1 Introduction; 2 How Big Is the Problem?; 3 Social Capital and Labor Market Outcomes; 4 Statistical Methods; 5 Results from the Canonical Correlation Analysis; 6 Conclusions; Appendix A1; Appendix A2 Variables and Regions; References; 3 Incomes, Hours of Work, and Equality in Europe and the United States; Abstract; 1 Introduction
2 Incomes Per Person and Per Hours Worked in the G82.1 Adjusting for Education and Health: Example from Italy; 2.2 Adjustment for Inequality; 2.3 Adjusting the HDI for Hours Worked; 3 The European Union's Successful Widening; 3.1 The EU's Soft Power; 3.2 Efficiency and Fairness in a Union of Small European States; 3.3 Europe Versus the US; 4 Difficulties; 5 Iceland's Attitude Toward the EU; 5.1 Membership Application in 2009; 5.2 Benefits Still Missing; 6 Conclusion; References; 4 How to Complete a Union that Is Built to Last; Abstract; 1 Introduction
2 The Incompleteness of the Union Before the Crisis and What Has Been Done3 The Incompleteness of the Union After the Crisis and What Has not Been Done; 4 The 5 Presidents' Report and How It Proposes to Complete the Union; 5 What the Report Leaves for Further Clarification; 6 How to Introduce a Workable Deadlock Breaking Rule that Is Compatible with the Community Method; 7 Conclusions; Acknowledgements; References; 5 The European Policy Framework: A Lack of Coordination Between Monetary Policy and Fiscal Policy; Abstract; 1 The European Policy Framework; 2 The European Quantitative Easing
3 Fiscal Policy and the Issue of Investment4 Conclusions; References; 6 Sovereign Debt Restructuring Mechanisms: Mind the Trap; Abstract; 1 Introduction; 2 Breaking the Linkage Between Sovereigns and Banking Systems; 3 Solidarity Versus Responsibility and the Bailout Clause; 4 Financial Stability and the Role of the ECB; 5 A Brief Overview of SDRM Proposals; 6 Phasing-in Periods; 7 Quantitative Triggers for Restructuring and the Elusive Concept of Solvency; 8 Deleveraging as a Deflationary Force; 9 Debt Restructuring: Panacea or Recipe for Implosion?
10 ESM Treaty Should Be Probably Left Alone11 Conclusions; References; 7 The Post-2007 Developments in the Italian Economy: A Counterfactual Analysis with the ITEM Model; Abstract; 1 Introduction; 2 The Great Recession and a Counterfactual Analysis with the ITEM Model; 3 The Contribution of the Various Shocks to Shape the Recessionary Scenario; 4 Disentangling the Impact of Productivity Shocks: To What Extent Are They Fully Exogenous?; 5 Concluding Remarks; References; 8 Governance of the Single Market. How to Win Allies for a New Opening?; Abstract; 1 Introduction
2 Incomes Per Person and Per Hours Worked in the G82.1 Adjusting for Education and Health: Example from Italy; 2.2 Adjustment for Inequality; 2.3 Adjusting the HDI for Hours Worked; 3 The European Union's Successful Widening; 3.1 The EU's Soft Power; 3.2 Efficiency and Fairness in a Union of Small European States; 3.3 Europe Versus the US; 4 Difficulties; 5 Iceland's Attitude Toward the EU; 5.1 Membership Application in 2009; 5.2 Benefits Still Missing; 6 Conclusion; References; 4 How to Complete a Union that Is Built to Last; Abstract; 1 Introduction
2 The Incompleteness of the Union Before the Crisis and What Has Been Done3 The Incompleteness of the Union After the Crisis and What Has not Been Done; 4 The 5 Presidents' Report and How It Proposes to Complete the Union; 5 What the Report Leaves for Further Clarification; 6 How to Introduce a Workable Deadlock Breaking Rule that Is Compatible with the Community Method; 7 Conclusions; Acknowledgements; References; 5 The European Policy Framework: A Lack of Coordination Between Monetary Policy and Fiscal Policy; Abstract; 1 The European Policy Framework; 2 The European Quantitative Easing
3 Fiscal Policy and the Issue of Investment4 Conclusions; References; 6 Sovereign Debt Restructuring Mechanisms: Mind the Trap; Abstract; 1 Introduction; 2 Breaking the Linkage Between Sovereigns and Banking Systems; 3 Solidarity Versus Responsibility and the Bailout Clause; 4 Financial Stability and the Role of the ECB; 5 A Brief Overview of SDRM Proposals; 6 Phasing-in Periods; 7 Quantitative Triggers for Restructuring and the Elusive Concept of Solvency; 8 Deleveraging as a Deflationary Force; 9 Debt Restructuring: Panacea or Recipe for Implosion?
10 ESM Treaty Should Be Probably Left Alone11 Conclusions; References; 7 The Post-2007 Developments in the Italian Economy: A Counterfactual Analysis with the ITEM Model; Abstract; 1 Introduction; 2 The Great Recession and a Counterfactual Analysis with the ITEM Model; 3 The Contribution of the Various Shocks to Shape the Recessionary Scenario; 4 Disentangling the Impact of Productivity Shocks: To What Extent Are They Fully Exogenous?; 5 Concluding Remarks; References; 8 Governance of the Single Market. How to Win Allies for a New Opening?; Abstract; 1 Introduction