From the Summer 2020 issue

Did Europe Just Experience Its “Hamiltonian Moment”?

America’s first Treasury Secretary, Alexander Hamilton, consolidated the war debt of the thirteen colonies with the issuance of common debt. Is Europe moving in the same direction?

A symposium of views

Featuring commentary by Hannes Androsch, Anders Åslund, Jörg Asmussen, Lorenzo Bini Smaghi, Michael J. Boskin, Josef Braml, Lorenzo Codogno, Richard N. Cooper, Andreas Dombret, Robert H. Dugger, Barry Eichengreen, Michael Emerson, Benjamin M. Friedman, James E. Glassman, Gary Clyde Hufbauer, Michael Hüther, Otmar Issing, Jacob Funk Kirkegaard, Richard C. Koo, György Matolcsy, Thomas Mayer, Thomas Mirow, Jim O’Neill, Ludger Schuknecht, Jeffrey R. Shafer, Mark Sobel, Merryn Somerset Webb, Roland Vaubel, Nicolas Véron, R. Christopher Whalen, William R. White, and Klaus F. Zimmermann

The ECB Needs to Rediscover Itself

And return to its conceptual and legal foundations.

By Jürgen Stark, Thomas Mayer, and Gunther Schnabl

The Euro’s Endless Horror

Or end to the horror.

By Desmond Lachman

Stop and Rethink Economic Policy

Governments seem hell-bent on creating a new Depression.

By Bernard Connolly

Time for a New Fiscal Federalism

Three reforms deserve attention.

By Mansoor Dailami