Publications by Dr. Johannes Hemker

Proposal: Budgetary instrument for the euro area

By June, the Eurogroup has to come up with a concrete design for budgetary instrument for the euro area - but so far it is absolutely unclear what it should look like. Our policy paper fills this void and makes a concrete and pragmatic proposal that would make the Eurozone function better. more

A fiscal instrument for the euro area: No escape from politics

The coming months will be a critical juncture for euro area reform. In this paper, Lucas Guttenberg and Johannes Hemker argue that a common fiscal instrument is necessary to improve the euro area's resilience and outline four tests it would need to pass to be politically and economically successful . more