Ashoka Mody is Charles and Marie Robertson Visiting Professor in International Economic Policy at the Woodrow Wilson School, Princeton University. He is author of EuroTragedy: A Drama in Nine Acts. Previously, Professor Mody was Deputy Director in the International Monetary Fund’s Research and European Departments. He has worked at the World Bank, AT&T’s Bell Laboratories, and the Centre for Development Studies, Trivandrum. He has been a Visiting Professor at the University of Pennsylvania’s Wharton School and is a non-resident fellow at the Center for Financial Studies, Frankfurt. He received his Ph.D. in Economics from Boston University.
Ashoka Mody
Charles and Marie Robertson Visiting Professor in International Economic Policy
409 Robertson Hall, Princeton University
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EuroTragedy
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@gavinjones10 Does that make any practical sense. A bunch of fiscally strained countries do not become stronger by tying themselves to each other.
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For the ESM to be a “mechanism of the Union”, the EU would need to be a federation, not a confederation of states, as it is now. For corona/Eurobonds, the EU would need to be a federation, not a confederation of states. Nation states look after their interests. Idealism is cheap. t.co/xZyKysMJGJ
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@ALeipold Yes. You say things delicately. I don’t always get those subtleties.
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Will the Eurogroup’s “sizable and ambitious program ever prepared” match the most dangerous and fast-paced crisis the world has seen in the postwar years? t.co/43Qx4b656O
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2. Why would Italian/Spanish economies contract less than U.S.? If so, why won't they need fiscal stimulus each of 15% or more? 3. U.S. states receiving grants, not enough, but grants. 3. Whatever the name of the fancy lending instrument, how will it help Italy or Spain?