Restoring Europe's Prosperity

From Centre for European Policy Studies (CEPS) Series

Restoring Europe's Prosperity

Macroeconomic Papers from the Centre for European Policy Studies

Edited by Olivier Blanchard, Rudiger Dornbusch and Richard Layard




Restoring Europe's Prosperity is the first annual produced by the Centre for European Policy Studies (CEPS), an independent research institution which focuses on the major medium- and long-term issues facing the European community and Western Europe both internally and internationally.The most important economic problems of the past five years have concerned unemployment, economic growth, fiscal deficits, and the value of the U.S. dollar. It is clear that past and present economic policies have not effectively addressed these problems. This CEPS annual selects the best work of the Centre's Macroeconomic Policy Group; a rotating group of distinguished economists who are studying macroeconomic conditions and trends, the implications of the economic policies being pursued, and possible alternative policies.

EssaysMacroeconomic Prospects and Policies for the European Community, by R. Dornbusch, G. Basevi, O. Blanchard, W. Buiter, and R. Layard • Europe: The Case for Unsustainable Growth, by R. Layard, G. Basevi, O. Blanchard, W. Buiter, and R. Dornbusch • Employment and Growth in Europe: A Two-Handed Approach, by O. Blanchard, R. Dornbusch, J. Dreze, H. Giersch, R. Layard, and M. Monti • Public Debt and Fiscal Responsibility, by O. Blanchard, R. Dornbusch, and W. Buiter • US Deficits, the Dollar, and Europe, by O. Blanchard and R. Dornbusch


Out of Print ISBN: 9780262022491 208 pp. | 6 in x 9 in


$30.00 X ISBN: 9780262523943 208 pp. | 6 in x 9 in


Olivier Blanchard

Olivier Blanchard is C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics and Robert Solow Professor Economics Emeritus at MIT. He was Chief Economist at the International Monetary Fund from 2008 to 2015.

Rudiger Dornbusch

The late Rudiger Dornbusch was Professor of Economics at the Massachusetts Institute of Technology.

Richard Layard

Richard Layard is Director of the Centre for Economic Performance at the London School of Economics.