Two centuries of Greek debt crises highlight the pitfalls of relying on external financing. Since its independence in 1829, the Greek…
What is the socially optimal level of liquidity in a retirement savings system?
Liquid retirement savings are desirable because liquidity…
Germans cannot agree to unlimited bailouts of euro members. On the other hand, if they had insisted on the founding principles (fiscal…
Since 2008 Europe has been mired in a combination of economic depression, financial crisis, and public and private debt overhangs. Greece…
Europe's economic situation is viewed with far less concern than was the case six, 12 or 18 months ago. Policymakers in Europe far prefer…
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Do retirement savings policies - such as tax subsidies or employer-provided pension plans - increase total saving for retirement or simply…