<?xml version="1.0" encoding="utf-8"?>
<TEI xmlns="http://www.tei-c.org/ns/1.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:hal="http://hal.archives-ouvertes.fr/" xmlns:gml="http://www.opengis.net/gml/3.3/" xmlns:gmlce="http://www.opengis.net/gml/3.3/ce" version="1.1" xsi:schemaLocation="http://www.tei-c.org/ns/1.0 http://api.archives-ouvertes.fr/documents/aofr-sword.xsd">
  <teiHeader>
    <fileDesc>
      <titleStmt>
        <title>HAL TEI export of hal-03469896</title>
      </titleStmt>
      <publicationStmt>
        <distributor>CCSD</distributor>
        <availability status="restricted">
          <licence target="https://creativecommons.org/publicdomain/zero/1.0/">CC0 1.0 - Universal</licence>
        </availability>
        <date when="2026-05-12T21:14:04+02:00"/>
      </publicationStmt>
      <sourceDesc>
        <p part="N">HAL API Platform</p>
      </sourceDesc>
    </fileDesc>
  </teiHeader>
  <text>
    <body>
      <listBibl>
        <biblFull>
          <titleStmt>
            <title xml:lang="en">Macro economic trade-offs in the euro area</title>
            <title xml:lang="en" type="sub">Chapter 4</title>
            <author role="aut">
              <persName>
                <forename type="first">Georg</forename>
                <surname>Feigl</surname>
              </persName>
              <idno type="halauthorid">635078-0</idno>
              <affiliation ref="#struct-191949"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Markus</forename>
                <surname>Marterbauer</surname>
              </persName>
              <idno type="halauthorid">1277240-0</idno>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Miriam</forename>
                <surname>Rehm</surname>
              </persName>
              <idno type="halauthorid">2357429-0</idno>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Matthias</forename>
                <surname>Schnetzer</surname>
              </persName>
              <idno type="halauthorid">1277241-0</idno>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Sepp</forename>
                <surname>Zuckerstätter</surname>
              </persName>
              <idno type="halauthorid">1277242-0</idno>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Lars Nørvang</forename>
                <surname>Andersen</surname>
              </persName>
              <idno type="halauthorid">1520577-0</idno>
              <affiliation ref="#struct-19908"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Thea</forename>
                <surname>Nissen</surname>
              </persName>
              <idno type="halauthorid">2357430-0</idno>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Signe</forename>
                <surname>Dahl</surname>
              </persName>
              <idno type="halauthorid">2357431-0</idno>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Peter</forename>
                <surname>Hohlfeld</surname>
              </persName>
              <idno type="halauthorid">2357432-0</idno>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Benjamin</forename>
                <surname>Lojak</surname>
              </persName>
              <idno type="halauthorid">2357433-0</idno>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Thomas</forename>
                <surname>Theobald</surname>
              </persName>
              <idno type="halauthorid">2357434-0</idno>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Achim</forename>
                <surname>Truger</surname>
              </persName>
              <idno type="halauthorid">2357435-0</idno>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Andrew</forename>
                <surname>Watt</surname>
              </persName>
              <idno type="halauthorid">815767-0</idno>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Guillaume</forename>
                <surname>Allegre</surname>
              </persName>
              <email type="md5">9612dff075cef69ae13e868d1eb95248</email>
              <email type="domain">sciencespo.fr</email>
              <idno type="idhal" notation="string">guillaume-allegre</idno>
              <idno type="idhal" notation="numeric">753747</idno>
              <idno type="halauthorid" notation="string">21362-753747</idno>
              <idno type="IDREF">https://www.idref.fr/165605537</idno>
              <orgName ref="#struct-250936"/>
              <affiliation ref="#struct-250936"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Céline</forename>
                <surname>Antonin</surname>
              </persName>
              <email type="md5">7d1635dc55b2bd69f8c72ae11c4fc810</email>
              <email type="domain">sciencespo.fr</email>
              <idno type="idhal" notation="string">celine-antonin</idno>
              <idno type="idhal" notation="numeric">747175</idno>
              <idno type="halauthorid" notation="string">21358-747175</idno>
              <idno type="IDREF">https://www.idref.fr/158358740</idno>
              <orgName ref="#struct-250936"/>
              <affiliation ref="#struct-250936"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Christophe</forename>
                <surname>Blot</surname>
              </persName>
              <email type="md5">dcf325b10686e89c1170d4c390ff8405</email>
              <email type="domain">sciencespo.fr</email>
              <idno type="idhal" notation="numeric">962222</idno>
              <idno type="halauthorid" notation="string">230028-962222</idno>
              <idno type="IDREF">https://www.idref.fr/070710422</idno>
              <idno type="ORCID">https://orcid.org/0000-0002-9038-4647</idno>
              <affiliation ref="#struct-250936"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Jérôme</forename>
                <surname>Creel</surname>
              </persName>
              <email type="md5">eaec6f186c004bf5e156d75f089327a8</email>
              <email type="domain">sciencespo.fr</email>
              <idno type="idhal" notation="numeric">962223</idno>
              <idno type="halauthorid" notation="string">129153-962223</idno>
              <idno type="IDREF">https://www.idref.fr/079080839</idno>
              <idno type="ORCID">https://orcid.org/0000-0001-6527-0632</idno>
              <affiliation ref="#struct-250936"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Bruno</forename>
                <surname>Ducoudre</surname>
              </persName>
              <email type="md5">4c29e68e59409d29a96cda8a12400779</email>
              <email type="domain">sciencespo.fr</email>
              <idno type="idhal" notation="numeric">962221</idno>
              <idno type="halauthorid" notation="string">818838-962221</idno>
              <affiliation ref="#struct-250936"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Paul</forename>
                <surname>Hubert</surname>
              </persName>
              <email type="md5">4bc83b8446a0be34af255da515c0db9e</email>
              <email type="domain">sciencespo.fr</email>
              <idno type="idhal" notation="numeric">962681</idno>
              <idno type="halauthorid" notation="string">859797-962681</idno>
              <idno type="IDREF">https://www.idref.fr/151534047</idno>
              <affiliation ref="#struct-250936"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Sabine</forename>
                <surname>Lebayon</surname>
              </persName>
              <idno type="halauthorid">2357436-0</idno>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Sandrine</forename>
                <surname>Levasseur</surname>
              </persName>
              <email type="md5">6008f73fdfaf5908b7790b82574cbfec</email>
              <email type="domain">sciencespo.fr</email>
              <idno type="idhal" notation="numeric">1047419</idno>
              <idno type="halauthorid" notation="string">818835-1047419</idno>
              <idno type="IDREF">https://www.idref.fr/059908963</idno>
              <idno type="ORCID">https://orcid.org/0000-0002-9545-3939</idno>
              <affiliation ref="#struct-250936"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Hélène</forename>
                <surname>Périvier</surname>
              </persName>
              <email type="md5">29ea28902c40c8dbf42aebc1ff331c97</email>
              <email type="domain">sciencespo.fr</email>
              <idno type="idhal" notation="numeric">980820</idno>
              <idno type="halauthorid" notation="string">1018304-980820</idno>
              <idno type="ORCID">https://orcid.org/0000-0003-4088-9839</idno>
              <idno type="IDREF">https://www.idref.fr/058928073</idno>
              <affiliation ref="#struct-250936"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Raul</forename>
                <surname>Sampognaro</surname>
              </persName>
              <email type="md5">3aa15dcab6299084faf0b886701e8905</email>
              <email type="domain">sciencespo.fr</email>
              <idno type="idhal" notation="numeric">967037</idno>
              <idno type="halauthorid" notation="string">879280-967037</idno>
              <idno type="IDREF">https://www.idref.fr/122749804</idno>
              <affiliation ref="#struct-250936"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Aurélien</forename>
                <surname>Saussay</surname>
              </persName>
              <email type="md5">2a89dea54b6c19becd070f7ec9b7d8df</email>
              <email type="domain">sciencespo.fr</email>
              <idno type="idhal" notation="numeric">1027224</idno>
              <idno type="halauthorid" notation="string">905764-1027224</idno>
              <idno type="IDREF">https://www.idref.fr/234803851</idno>
              <idno type="ORCID">https://orcid.org/0000-0003-4786-0019</idno>
              <affiliation ref="#struct-250936"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Vincent</forename>
                <surname>Touzé</surname>
              </persName>
              <email type="md5">47eee3795ed40920f75856b37818f171</email>
              <email type="domain">sciencespo.fr</email>
              <idno type="idhal" notation="string">vincent-touze</idno>
              <idno type="idhal" notation="numeric">754417</idno>
              <idno type="halauthorid" notation="string">2600921-754417</idno>
              <idno type="IDREF">https://www.idref.fr/052194922</idno>
              <idno type="ORCID">https://orcid.org/0000-0002-7457-650X</idno>
              <affiliation ref="#struct-250936"/>
            </author>
            <author role="aut">
              <persName>
                <forename type="first">Sébastien</forename>
                <surname>Villemot</surname>
              </persName>
              <email type="md5">3770e889b872a0a65b4cd942608da8f1</email>
              <email type="domain">sciencespo.fr</email>
              <idno type="idhal" notation="numeric">1328880</idno>
              <idno type="halauthorid" notation="string">631966-1328880</idno>
              <affiliation ref="#struct-250936"/>
              <affiliation ref="#struct-301309"/>
              <affiliation ref="#struct-139754"/>
              <affiliation ref="#struct-300479"/>
            </author>
            <editor role="depositor">
              <persName>
                <forename>Spire</forename>
                <surname>Sciences Po Institutional Repository</surname>
              </persName>
              <email type="md5">341c6dd5f34403079cbc92919d94db8a</email>
              <email type="domain">sciencespo.fr</email>
            </editor>
          </titleStmt>
          <editionStmt>
            <edition n="v1" type="current">
              <date type="whenSubmitted">2021-12-08 06:56:34</date>
              <date type="whenWritten">2016-12-01</date>
              <date type="whenModified">2025-10-01 14:24:03</date>
              <date type="whenReleased">2022-03-24 13:50:13</date>
              <date type="whenProduced">2016-12</date>
              <date type="whenEndEmbargoed">2021-12-08</date>
              <ref type="file" target="https://sciencespo.hal.science/hal-03469896v1/document">
                <date notBefore="2021-12-08"/>
              </ref>
              <ref type="file" subtype="greenPublisher" n="1" target="https://sciencespo.hal.science/hal-03469896v1/file/12-2016-feigl-macro-economic-trade-offs-in-the-euro-area.pdf" id="file-3469896-3043496">
                <date notBefore="2021-12-08"/>
              </ref>
              <fs>
                <f name="inra_etatDocument_local" notation="numeric">
                  <numeric>0</numeric>
                </f>
                <f name="inra_etatDocument_local" notation="string" n="0">
                  <string>inra_etatDocument_local_0</string>
                </f>
                <f name="inra_publicVise_local" notation="string" n="SC">
                  <string>inra_publicVise_local_SC</string>
                </f>
              </fs>
            </edition>
            <respStmt>
              <resp>contributor</resp>
              <name key="149226">
                <persName>
                  <forename>Spire</forename>
                  <surname>Sciences Po Institutional Repository</surname>
                </persName>
                <email type="md5">341c6dd5f34403079cbc92919d94db8a</email>
                <email type="domain">sciencespo.fr</email>
              </name>
            </respStmt>
          </editionStmt>
          <publicationStmt>
            <distributor>CCSD</distributor>
            <idno type="halId">hal-03469896</idno>
            <idno type="halUri">https://sciencespo.hal.science/hal-03469896</idno>
            <idno type="halBibtex">feigl:hal-03469896</idno>
            <idno type="halRefHtml">&lt;i&gt;Revue de l'OFCE&lt;/i&gt;, 2016, IAGS 2017, pp.129 - 171</idno>
            <idno type="halRef">Revue de l'OFCE, 2016, IAGS 2017, pp.129 - 171</idno>
            <availability status="restricted">
              <licence target="https://about.hal.science/hal-authorisation-v1/">HAL Authorization<ref corresp="#file-3469896-3043496"/></licence>
            </availability>
          </publicationStmt>
          <seriesStmt>
            <idno type="stamp" n="SHS">Sciences de l'Homme et de la Société</idno>
            <idno type="stamp" n="UNIV-PARIS1">Université Panthéon-Sorbonne - Paris I</idno>
            <idno type="stamp" n="ENS-PARIS">Ecole Normale Supérieure de Paris</idno>
            <idno type="stamp" n="SCIENCESPO">Sciences Po</idno>
            <idno type="stamp" n="ENPC" corresp="PARISTECH">École nationale des ponts et chaussées </idno>
            <idno type="stamp" n="PJSE" corresp="SHS">Paris-Jourdan Sciences économiques</idno>
            <idno type="stamp" n="PSE">Paris School of Economics</idno>
            <idno type="stamp" n="CNRS">CNRS - Centre national de la recherche scientifique</idno>
            <idno type="stamp" n="EHESS">Ecole des Hautes Etudes en Sciences Sociales</idno>
            <idno type="stamp" n="INRA">INRA - Institut national de la recherche agronomique</idno>
            <idno type="stamp" n="AO-ECONOMIE">Archives ouvertes de l'Economie</idno>
            <idno type="stamp" n="PARISTECH">ParisTech</idno>
            <idno type="stamp" n="PSL">Université Paris sciences et lettres</idno>
            <idno type="stamp" n="USPC">Université Sorbonne Paris Cité</idno>
            <idno type="stamp" n="AGREENIUM">Archive ouverte en agrobiosciences</idno>
            <idno type="stamp" n="INRAE">Institut National de Recherche en Agriculture, Alimentation et Environnement</idno>
            <idno type="stamp" n="OFCE" corresp="SCIENCESPO">Les publications de l'OFCE (Observatoire français des conjonctures économiques)</idno>
            <idno type="stamp" n="PSE-POST-PRINT">PSE Post-Print</idno>
            <idno type="stamp" n="ENS-PSL" corresp="PSL">École normale supérieure - PSL</idno>
            <idno type="stamp" n="EHESS-PSL" corresp="PSL">École des hautes études en sciences sociales - PSL</idno>
            <idno type="stamp" n="SCPO_OA" corresp="SCIENCESPO">Sciences Po Open Access</idno>
            <idno type="stamp" n="SCPO-REPEC" corresp="SCIENCESPO">Publications de Sciences Po en économie</idno>
          </seriesStmt>
          <notesStmt>
            <note type="audience" n="1">Not set</note>
            <note type="popular" n="0">No</note>
            <note type="peer" n="1">Yes</note>
          </notesStmt>
          <sourceDesc>
            <biblStruct>
              <analytic>
                <title xml:lang="en">Macro economic trade-offs in the euro area</title>
                <title xml:lang="en" type="sub">Chapter 4</title>
                <author role="aut">
                  <persName>
                    <forename type="first">Georg</forename>
                    <surname>Feigl</surname>
                  </persName>
                  <idno type="halauthorid">635078-0</idno>
                  <affiliation ref="#struct-191949"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Markus</forename>
                    <surname>Marterbauer</surname>
                  </persName>
                  <idno type="halauthorid">1277240-0</idno>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Miriam</forename>
                    <surname>Rehm</surname>
                  </persName>
                  <idno type="halauthorid">2357429-0</idno>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Matthias</forename>
                    <surname>Schnetzer</surname>
                  </persName>
                  <idno type="halauthorid">1277241-0</idno>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Sepp</forename>
                    <surname>Zuckerstätter</surname>
                  </persName>
                  <idno type="halauthorid">1277242-0</idno>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Lars Nørvang</forename>
                    <surname>Andersen</surname>
                  </persName>
                  <idno type="halauthorid">1520577-0</idno>
                  <affiliation ref="#struct-19908"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Thea</forename>
                    <surname>Nissen</surname>
                  </persName>
                  <idno type="halauthorid">2357430-0</idno>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Signe</forename>
                    <surname>Dahl</surname>
                  </persName>
                  <idno type="halauthorid">2357431-0</idno>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Peter</forename>
                    <surname>Hohlfeld</surname>
                  </persName>
                  <idno type="halauthorid">2357432-0</idno>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Benjamin</forename>
                    <surname>Lojak</surname>
                  </persName>
                  <idno type="halauthorid">2357433-0</idno>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Thomas</forename>
                    <surname>Theobald</surname>
                  </persName>
                  <idno type="halauthorid">2357434-0</idno>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Achim</forename>
                    <surname>Truger</surname>
                  </persName>
                  <idno type="halauthorid">2357435-0</idno>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Andrew</forename>
                    <surname>Watt</surname>
                  </persName>
                  <idno type="halauthorid">815767-0</idno>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Guillaume</forename>
                    <surname>Allegre</surname>
                  </persName>
                  <email type="md5">9612dff075cef69ae13e868d1eb95248</email>
                  <email type="domain">sciencespo.fr</email>
                  <idno type="idhal" notation="string">guillaume-allegre</idno>
                  <idno type="idhal" notation="numeric">753747</idno>
                  <idno type="halauthorid" notation="string">21362-753747</idno>
                  <idno type="IDREF">https://www.idref.fr/165605537</idno>
                  <orgName ref="#struct-250936"/>
                  <affiliation ref="#struct-250936"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Céline</forename>
                    <surname>Antonin</surname>
                  </persName>
                  <email type="md5">7d1635dc55b2bd69f8c72ae11c4fc810</email>
                  <email type="domain">sciencespo.fr</email>
                  <idno type="idhal" notation="string">celine-antonin</idno>
                  <idno type="idhal" notation="numeric">747175</idno>
                  <idno type="halauthorid" notation="string">21358-747175</idno>
                  <idno type="IDREF">https://www.idref.fr/158358740</idno>
                  <orgName ref="#struct-250936"/>
                  <affiliation ref="#struct-250936"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Christophe</forename>
                    <surname>Blot</surname>
                  </persName>
                  <email type="md5">dcf325b10686e89c1170d4c390ff8405</email>
                  <email type="domain">sciencespo.fr</email>
                  <idno type="idhal" notation="numeric">962222</idno>
                  <idno type="halauthorid" notation="string">230028-962222</idno>
                  <idno type="IDREF">https://www.idref.fr/070710422</idno>
                  <idno type="ORCID">https://orcid.org/0000-0002-9038-4647</idno>
                  <affiliation ref="#struct-250936"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Jérôme</forename>
                    <surname>Creel</surname>
                  </persName>
                  <email type="md5">eaec6f186c004bf5e156d75f089327a8</email>
                  <email type="domain">sciencespo.fr</email>
                  <idno type="idhal" notation="numeric">962223</idno>
                  <idno type="halauthorid" notation="string">129153-962223</idno>
                  <idno type="IDREF">https://www.idref.fr/079080839</idno>
                  <idno type="ORCID">https://orcid.org/0000-0001-6527-0632</idno>
                  <affiliation ref="#struct-250936"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Bruno</forename>
                    <surname>Ducoudre</surname>
                  </persName>
                  <email type="md5">4c29e68e59409d29a96cda8a12400779</email>
                  <email type="domain">sciencespo.fr</email>
                  <idno type="idhal" notation="numeric">962221</idno>
                  <idno type="halauthorid" notation="string">818838-962221</idno>
                  <affiliation ref="#struct-250936"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Paul</forename>
                    <surname>Hubert</surname>
                  </persName>
                  <email type="md5">4bc83b8446a0be34af255da515c0db9e</email>
                  <email type="domain">sciencespo.fr</email>
                  <idno type="idhal" notation="numeric">962681</idno>
                  <idno type="halauthorid" notation="string">859797-962681</idno>
                  <idno type="IDREF">https://www.idref.fr/151534047</idno>
                  <affiliation ref="#struct-250936"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Sabine</forename>
                    <surname>Lebayon</surname>
                  </persName>
                  <idno type="halauthorid">2357436-0</idno>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Sandrine</forename>
                    <surname>Levasseur</surname>
                  </persName>
                  <email type="md5">6008f73fdfaf5908b7790b82574cbfec</email>
                  <email type="domain">sciencespo.fr</email>
                  <idno type="idhal" notation="numeric">1047419</idno>
                  <idno type="halauthorid" notation="string">818835-1047419</idno>
                  <idno type="IDREF">https://www.idref.fr/059908963</idno>
                  <idno type="ORCID">https://orcid.org/0000-0002-9545-3939</idno>
                  <affiliation ref="#struct-250936"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Hélène</forename>
                    <surname>Périvier</surname>
                  </persName>
                  <email type="md5">29ea28902c40c8dbf42aebc1ff331c97</email>
                  <email type="domain">sciencespo.fr</email>
                  <idno type="idhal" notation="numeric">980820</idno>
                  <idno type="halauthorid" notation="string">1018304-980820</idno>
                  <idno type="ORCID">https://orcid.org/0000-0003-4088-9839</idno>
                  <idno type="IDREF">https://www.idref.fr/058928073</idno>
                  <affiliation ref="#struct-250936"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Raul</forename>
                    <surname>Sampognaro</surname>
                  </persName>
                  <email type="md5">3aa15dcab6299084faf0b886701e8905</email>
                  <email type="domain">sciencespo.fr</email>
                  <idno type="idhal" notation="numeric">967037</idno>
                  <idno type="halauthorid" notation="string">879280-967037</idno>
                  <idno type="IDREF">https://www.idref.fr/122749804</idno>
                  <affiliation ref="#struct-250936"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Aurélien</forename>
                    <surname>Saussay</surname>
                  </persName>
                  <email type="md5">2a89dea54b6c19becd070f7ec9b7d8df</email>
                  <email type="domain">sciencespo.fr</email>
                  <idno type="idhal" notation="numeric">1027224</idno>
                  <idno type="halauthorid" notation="string">905764-1027224</idno>
                  <idno type="IDREF">https://www.idref.fr/234803851</idno>
                  <idno type="ORCID">https://orcid.org/0000-0003-4786-0019</idno>
                  <affiliation ref="#struct-250936"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Vincent</forename>
                    <surname>Touzé</surname>
                  </persName>
                  <email type="md5">47eee3795ed40920f75856b37818f171</email>
                  <email type="domain">sciencespo.fr</email>
                  <idno type="idhal" notation="string">vincent-touze</idno>
                  <idno type="idhal" notation="numeric">754417</idno>
                  <idno type="halauthorid" notation="string">2600921-754417</idno>
                  <idno type="IDREF">https://www.idref.fr/052194922</idno>
                  <idno type="ORCID">https://orcid.org/0000-0002-7457-650X</idno>
                  <affiliation ref="#struct-250936"/>
                </author>
                <author role="aut">
                  <persName>
                    <forename type="first">Sébastien</forename>
                    <surname>Villemot</surname>
                  </persName>
                  <email type="md5">3770e889b872a0a65b4cd942608da8f1</email>
                  <email type="domain">sciencespo.fr</email>
                  <idno type="idhal" notation="numeric">1328880</idno>
                  <idno type="halauthorid" notation="string">631966-1328880</idno>
                  <affiliation ref="#struct-250936"/>
                  <affiliation ref="#struct-301309"/>
                  <affiliation ref="#struct-139754"/>
                  <affiliation ref="#struct-300479"/>
                </author>
              </analytic>
              <monogr>
                <idno type="localRef">2441/9labe9r4se65i789685qj0d3k</idno>
                <idno type="halJournalId" status="VALID">25635</idno>
                <idno type="issn">1265-9576</idno>
                <idno type="eissn">1777-5647</idno>
                <title level="j">Revue de l'OFCE</title>
                <imprint>
                  <publisher>Presses de Sciences Po</publisher>
                  <biblScope unit="issue">IAGS 2017</biblScope>
                  <biblScope unit="pp">129 - 171</biblScope>
                  <date type="datePub">2016-12</date>
                </imprint>
              </monogr>
              <idno type="sciencespo">2441/1hgg8g0cu68mdb4lrl1e7gb1rf</idno>
            </biblStruct>
          </sourceDesc>
          <profileDesc>
            <langUsage>
              <language ident="en">English</language>
            </langUsage>
            <textClass>
              <keywords scheme="author">
                <term xml:lang="en">Fiscal Union</term>
                <term xml:lang="en">Economic Union</term>
                <term xml:lang="en">European Union</term>
              </keywords>
              <classCode scheme="halDomain" n="shs.eco">Humanities and Social Sciences/Economics and Finance</classCode>
              <classCode scheme="halTypology" n="ART">Journal articles</classCode>
              <classCode scheme="halOldTypology" n="ART">Journal articles</classCode>
              <classCode scheme="halTreeTypology" n="ART">Journal articles</classCode>
            </textClass>
            <abstract xml:lang="en">
              <p>The last year Report of the Five Presidents highlighted the necessity of progress in the EU in four directions: achieving “a genuine Economic Union, (…) a FinancialUnion, (…) a Fiscal Union, (and) a Political Union”. The associated roadmap for completing the EMU includes a greater focus on employment, a better implementation of the Macroeconomic Imbalance Procedure, a better assessment of fiscal stance and fiscal sustainability, the completion of the BankingUnion and the launch of a Capital Markets Union. They thus pointed to a very large set of ambitions which renewed the debate about the consistency ofexisting 6-pack, 2-pack and Fiscal compact, which were mainly related to fiscal and competitiveness issues. This roadmap raises an important question: is it possible within the given institutional setting to close the unemployment gap (the difference between actual and natural rates of unemployment), that is to say increase the “well-being of the peoples” (Art. 3 TEU) in a sustainable way, achieve public finance sustainability, reduce macro imbalances, and ensure the liquidity and solvency offinancial institutions and other objectives at the same moment?</p>
            </abstract>
          </profileDesc>
        </biblFull>
      </listBibl>
    </body>
    <back>
      <listOrg type="structures">
        <org type="laboratory" xml:id="struct-191949" status="INCOMING">
          <orgName>Institute of Anatomy</orgName>
          <desc>
            <address>
              <addrLine>Institute of Anatomy, Medizinische Universität, Graz, Austria</addrLine>
              <country key="AT"/>
            </address>
          </desc>
          <listRelation>
            <relation active="#struct-347678" type="direct"/>
          </listRelation>
        </org>
        <org type="institution" xml:id="struct-19908" status="VALID">
          <idno type="IdRef">026461307</idno>
          <idno type="ROR">https://ror.org/01aj84f44</idno>
          <orgName>Aarhus University [Aarhus]</orgName>
          <desc>
            <address>
              <addrLine>Nordre Ringgade 1 DK-8000 Aarhus C</addrLine>
              <country key="DK"/>
            </address>
            <ref type="url">http://www.au.dk/en/</ref>
          </desc>
        </org>
        <org type="laboratory" xml:id="struct-250936" status="VALID">
          <orgName>Observatoire français des conjonctures économiques (Sciences Po)</orgName>
          <orgName type="acronym">OFCE</orgName>
          <date type="start">1981-01-01</date>
          <desc>
            <address>
              <addrLine>10 place de Catalogne - 75014 Paris</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">http://www.ofce.sciences-po.fr</ref>
          </desc>
          <listRelation>
            <relation active="#struct-301587" type="direct"/>
          </listRelation>
        </org>
        <org type="regrouplaboratory" xml:id="struct-301309" status="OLD">
          <idno type="IdRef">195137299</idno>
          <idno type="RNSR">200617701U</idno>
          <idno type="ROR">https://ror.org/01qtp1053</idno>
          <orgName>Paris School of Economics</orgName>
          <orgName type="acronym">PSE</orgName>
          <date type="start">2006-01-01</date>
          <date type="end">2024-12-31</date>
          <desc>
            <address>
              <addrLine>48 boulevard Jourdan 75014 Paris</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">http://www.parisschoolofeconomics.eu/</ref>
          </desc>
          <listRelation>
            <relation active="#struct-7550" type="direct"/>
            <relation active="#struct-59704" type="direct"/>
            <relation active="#struct-564132" type="indirect"/>
            <relation active="#struct-99539" type="direct"/>
            <relation active="#struct-301545" type="direct"/>
            <relation active="#struct-441569" type="direct"/>
            <relation active="#struct-577435" type="direct"/>
          </listRelation>
        </org>
        <org type="laboratory" xml:id="struct-139754" status="OLD">
          <orgName>Paris-Jourdan Sciences Economiques</orgName>
          <orgName type="acronym">PSE</orgName>
          <date type="start">2010-01-01</date>
          <date type="end">2016-12-31</date>
          <desc>
            <address>
              <addrLine>48 boulevard Jourdan 75014 Paris</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">http://www.pse.ens.fr/</ref>
          </desc>
          <listRelation>
            <relation active="#struct-59704" type="direct"/>
            <relation active="#struct-564132" type="indirect"/>
            <relation name="USC1336" active="#struct-92114" type="direct"/>
            <relation active="#struct-99539" type="direct"/>
            <relation active="#struct-301545" type="direct"/>
            <relation name="UMR8545" active="#struct-441569" type="direct"/>
          </listRelation>
        </org>
        <org type="laboratory" xml:id="struct-300479" status="VALID">
          <idno type="IdRef">026506475</idno>
          <idno type="ISNI">0000000121800582</idno>
          <idno type="ROR">https://ror.org/032q47002</idno>
          <orgName>Centre pour la recherche économique et ses applications</orgName>
          <orgName type="acronym">CEPREMAP</orgName>
          <date type="start">2005-01-01</date>
          <desc>
            <address>
              <addrLine>Ecole normale supérieure (ENS)48 boulevard Jourdan, 75014 Paris</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">http://www.cepremap.fr/</ref>
          </desc>
          <listRelation>
            <relation active="#struct-1151928" type="direct"/>
            <relation active="#struct-59704" type="indirect"/>
            <relation active="#struct-564132" type="indirect"/>
          </listRelation>
        </org>
        <org type="institution" xml:id="struct-347678" status="INCOMING">
          <orgName>Medizinische Universität, Graz</orgName>
          <desc>
            <address>
              <country key="FR"/>
            </address>
          </desc>
        </org>
        <org type="institution" xml:id="struct-301587" status="VALID">
          <idno type="IdRef">027918459</idno>
          <idno type="ROR">https://ror.org/05fe7ax82</idno>
          <orgName>Sciences Po</orgName>
          <orgName type="acronym">Sciences Po</orgName>
          <desc>
            <address>
              <addrLine>27, rue Saint-Guillaume - 75337 Paris cedex 07</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">https://www.sciencespo.fr/</ref>
          </desc>
        </org>
        <org type="institution" xml:id="struct-7550" status="VALID">
          <idno type="IdRef">027361802</idno>
          <idno type="ISNI">000000012173743X</idno>
          <idno type="ROR">https://ror.org/002t25c44</idno>
          <orgName>Université Paris 1 Panthéon-Sorbonne</orgName>
          <orgName type="acronym">UP1</orgName>
          <desc>
            <address>
              <addrLine>12 place du Panthéon, 75231 Paris Cedex 05</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">https://www.pantheonsorbonne.fr</ref>
          </desc>
        </org>
        <org type="institution" xml:id="struct-59704" status="VALID">
          <idno type="IdRef">031738419</idno>
          <idno type="ISNI">0000000123532622</idno>
          <idno type="ROR">https://ror.org/05a0dhs15</idno>
          <orgName>École normale supérieure - Paris</orgName>
          <orgName type="acronym">ENS-PSL</orgName>
          <date type="start">1985-07-24</date>
          <desc>
            <address>
              <addrLine>45, Rue d'Ulm - 75230 Paris cedex 05</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">https://www.ens.psl.eu/</ref>
          </desc>
          <listRelation>
            <relation active="#struct-564132" type="direct"/>
          </listRelation>
        </org>
        <org type="regroupinstitution" xml:id="struct-564132" status="VALID">
          <idno type="IdRef">241597595</idno>
          <idno type="ISNI">0000 0004 1784 3645</idno>
          <idno type="ROR">https://ror.org/013cjyk83</idno>
          <orgName>Université Paris Sciences et Lettres</orgName>
          <orgName type="acronym">PSL</orgName>
          <desc>
            <address>
              <addrLine>60 rue Mazarine 75006 Paris</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">https://www.psl.eu/</ref>
          </desc>
        </org>
        <org type="institution" xml:id="struct-99539" status="VALID">
          <idno type="IdRef">026374889</idno>
          <idno type="ROR">https://ror.org/02d9dg697</idno>
          <orgName>École des hautes études en sciences sociales</orgName>
          <orgName type="acronym">EHESS</orgName>
          <date type="start">1975-01-01</date>
          <desc>
            <address>
              <addrLine>54, boulevard Raspail 75006 Paris</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">http://www.ehess.fr/</ref>
          </desc>
        </org>
        <org type="institution" xml:id="struct-301545" status="OLD">
          <idno type="ROR">https://ror.org/02nwvxz07</idno>
          <orgName>École nationale des ponts et chaussées</orgName>
          <orgName type="acronym">ENPC</orgName>
          <date type="start">1747-02-14</date>
          <date type="end">2024-12-31</date>
          <desc>
            <address>
              <addrLine>École nationale des ponts et chaussées, 6-8 avenue Blaise-Pascal, Cité Descartes, Champs-sur-Marne, 77455 Marne-la-Vallée cedex 2</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">https://ecoledesponts.fr/</ref>
          </desc>
        </org>
        <org type="regroupinstitution" xml:id="struct-441569" status="VALID">
          <idno type="IdRef">02636817X</idno>
          <idno type="ISNI">0000000122597504</idno>
          <idno type="ROR">https://ror.org/02feahw73</idno>
          <orgName>Centre National de la Recherche Scientifique</orgName>
          <orgName type="acronym">CNRS</orgName>
          <date type="start">1939-10-19</date>
          <desc>
            <address>
              <country key="FR"/>
            </address>
            <ref type="url">https://www.cnrs.fr/</ref>
          </desc>
        </org>
        <org type="institution" xml:id="struct-577435" status="VALID">
          <idno type="ROR">https://ror.org/003vg9w96</idno>
          <orgName>Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement</orgName>
          <orgName type="acronym">INRAE</orgName>
          <date type="start">2020-01-01</date>
          <desc>
            <address>
              <country key="FR"/>
            </address>
          </desc>
        </org>
        <org type="institution" xml:id="struct-92114" status="OLD">
          <idno type="ROR">https://ror.org/01x3gbx83</idno>
          <orgName>Institut National de la Recherche Agronomique</orgName>
          <orgName type="acronym">INRA</orgName>
          <date type="start">1946-05-18</date>
          <date type="end">2019-12-31</date>
          <desc>
            <address>
              <country key="FR"/>
            </address>
            <ref type="url">http://www.inra.fr</ref>
          </desc>
        </org>
        <org type="regrouplaboratory" xml:id="struct-1151928" status="VALID">
          <idno type="IdRef">267478399</idno>
          <orgName>Département d'économie de l'ENS-PSL</orgName>
          <orgName type="acronym">ECO ENS-PSL</orgName>
          <date type="start">2014-01-01</date>
          <desc>
            <address>
              <addrLine>48 boulevard Jourdan75014 Paris</addrLine>
              <country key="FR"/>
            </address>
            <ref type="url">https://economie.ens.psl.eu/</ref>
          </desc>
          <listRelation>
            <relation active="#struct-59704" type="direct"/>
            <relation active="#struct-564132" type="indirect"/>
          </listRelation>
        </org>
      </listOrg>
    </back>
  </text>
</TEI>