Working Paper No. 740 December 07, 2012

Conflicting Claims in the Eurozone?

Austerity’s Myopic Logic and the Need for a European Federal Union in a Post-Keynesian Eurozone Center–Periphery Model

by Alberto Botta

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Blithewood
Bard College
Annandale-on-Hudson, NY 12504-5000
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The Levy Economics Institute of Bard College, founded in 1986 through the generous support of Bard College trustee Leon Levy, is a nonprofit, nonpartisan, public policy research organization. The Levy Institute is independent of any political or other affiliation, and encourages diversity of opinion in the examination of economic policy issues while striving to transform ideological arguments into informed debate.