© 2017

Sustainable Growth in the EU

Challenges and Solutions

  • Luigi Paganetto
Conference proceedings

Table of contents

  1. Front Matter
    Pages i-vi
  2. D. Salvatore, F. Campano
    Pages 1-8
  3. A. Arnorsson, G. Zoega
    Pages 9-47
  4. Michael Mitsopoulos, Theodore Pelagidis
    Pages 69-88
  5. Riccardo Barbieri Hermitte
    Pages 105-119
  6. Francesco Felici, Francesco Nucci, Ottavio Ricchi, Cristian Tegami
    Pages 121-132
  7. Enrico Marelli, Marcello Signorelli
    Pages 173-192
  8. Francesco Felici, Francesco Nucci, Ottavio Ricchi, Cristian Tegami
    Pages 193-204
  9. Jaime de Melo
    Pages 231-256
  10. Luigi Paganetto, Pasquale L. Scandizzo
    Pages 257-271
  11. Martino Lo Cascio, Massimo Bagarani
    Pages 273-293
  12. Jonathan D. Ostry
    Pages 295-306

About these proceedings


This book explores the diverse challenges facing the EU and in particular examines the impediments to financial stability and sustainable growth and how these can be overcome. Among the topics explored are the extent to which monetary union has favored real convergence, competitive imbalances in the eurozone, and the impacts of austerity measures. Potential solutions are closely scrutinized, highlighting the need for linked fiscal, monetary, credit, and investment choices. Opportunities for public and private investment in infrastructure, human capital, the environment, and innovation are emphasized, as is the role of fiscal stimulus targeting aggregate demand and output. Detailed attention is paid to the importance of coordination of macroeconomic policies and the scope for reforms in EMU design and EU governance. In this context, the proposals in the recent Five Presidents’ Report are assessed, along with other ideas regarding progressive steps aimed at closer economic, financial, and political union in the medium to long term. Readers will also find separate scrutiny of the Greek crisis and the effectiveness of the third economic adjustment programme. The book comprises a selection of contributions presented at the XXVIII Villa Mondragone International Economic Seminar. 


Eurozone crisis Sustainable growth Brexit EU governance European economic policy Youth employment in Europe Greek crisis European monetary policy Income distribution XXVIII Villa Mondragone International Economic Seminar

Editors and affiliations

  • Luigi Paganetto
    • 1
  1. 1.FUET, Economics FoundationUniversity of Rome Tor VergataRomeItaly

About the editors

Luigi Paganetto is Emeritus Professor and Full Professor of European Economics at the University of Rome Tor Vergata, and President of the Economics Foundation Tor Vergata for Economic Research. He participates as an expert in European and International working groups. He is the author of articles and books in the fields of Macroeconomics, International Economics, Italian and European Industrial Economics, and Energy and Environment.

Bibliographic information

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