Emmanuel Farhi

Harvard University

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External publication

Reconciling risk sharing with market discipline: A constructive approach to euro area reform

This publication proposes six reforms to improve the Eurozone’s financial stability, political cohesion, and potential for delivering prosperity.

Jean Pisani-Ferry, Nicolas Véron, Agnès Bénassy-Quéré, Hélène Rey, Philippe Martin, Marcel Fratzscher, Jeromin Zettelmeyer, Isabel Schnabel, Markus Brunnermeier, Clemens Fuest, Henrik Enderlein, Emmanuel Farhi and Pierre-Olivier Gourinchas
public debt fiscal policy financial regulation European monetary union euro area EU governance capital markets banking union
Opinion piece

A resilient Euro needs Franco-German compromise

In a piece signed by 15 leading French and German economists, Nicolas Véron lays out a path to a more sustainable Euro. Germany will need to accept so

Jean Pisani-Ferry, Nicolas Véron, Agnès Bénassy-Quéré, Hélène Rey, Philippe Martin, Marcel Fratzscher, Isabel Schnabel, Markus Brunnermeier, Lars Feld, Clemens Fuest, Henrik Enderlein, Emmanuel Farhi and Pierre-Olivier Gourinchas
single market European Central Bank euro area EU governance

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External publication

17 January 2018

Reconciling risk sharing with market discipline: A constructive approach to euro area reform

This publication proposes six reforms to improve the Eurozone’s financial stability, political cohesion, and potential for delivering prosperity.

Jean Pisani-Ferry, Nicolas Véron, Agnès Bénassy-Quéré, Hélène Rey, Philippe Martin, Marcel Fratzscher, Jeromin Zettelmeyer, Isabel Schnabel, Markus Brunnermeier, Clemens Fuest, Henrik Enderlein, Emmanuel Farhi and Pierre-Olivier Gourinchas