We are a group of European economists who, over the past two years, have individually been thinking and providing advice about different aspects and regions of the European crisis. After repeatedly meeting each other at policy events and reading each others’ analyses, we decided to join forces in early 2011. Our objective has been to systematically identify the weaknesses of the Eurozone design that have caused this crisis and propose remedies to end it.
Our group includes macroeconomists and financial economists who are experts on international issues and on the domestic economy. We share a common desire for using economic theory to answer applied questions rigorously. Over the past six months, we have met regularly to discuss the European crisis with the aim of achieving two goals. First, we want to provide a clear economic analysis of the implications of various policy measures being proposed in the current political debate. Second, we plan to put forward our own proposal for overcoming the Eurozone’s problem that addresses the core issues within the boundaries of the European Treaties.
This website will collect our writings. The blog provides the latest news; the ESBies page contains material related to our proposal for “European Safe Bonds”; the op-ed page links to related op-ed articles written by members of the group; and the Project Europe page will contain draft chapters from our book project as they are ready.
Markus Brunnermeier (Princeton University),
Luis Garicano (London School of Economics),
Philip R. Lane (Trinity College Dublin),
Marco Pagano (University of Naples Federico II ),
Ricardo Reis (Columbia University),
Tano Santos (Columbia Business School, Columbia University),
David Thesmar (Hautes Etudes Commerciales, Paris),
Stijn van Nieuwerburgh (New York University Stern School of Business), and
Dimitri Vayanos (London School of Economics).