Why Europe’s Franco-German Engine Is Stalling

Olivier Blanchard (PIIE), Thomas Philippon (Stern School of Business, New York University) and Jean Pisani-Ferry (PIIE)

By Agnès Bénassy-Quéré (Ecole d'économie de Paris, Université Paris 1 and Conseil d'analyse Économique), Markus K. Brunnermeier (Princeton University), Henrik Enderlein (Hertie School of Governance and Jacques Delors Institute Berlin), Emmanuel Farhi (Harvard University), Lars Feld (University of Freiburg, Walter Eucken Institute and German Council of Economic Experts), Marcel Fratzscher (DIW, Berlin), Clemens Fuest (Ifo Institute and University of Munich), Pierre-Olivier Gourinchas (University of California at Berkeley), Philippe Martin (Sciences Po and Conseil d'Analyse Économique, Paris), Jean Pisani-Ferry (Hertie School of Governance, Berlin; Sciences Po, Paris), Hélène Rey (London Business School), Isabel Schnabel (University of Bonn and German Council of Economic Experts), Nicolas Véron (Bruegel and PIIE), Beatrice Weder di Mauro (Insead and University of Mainz), and Jeromin Zettelmeyer (PIIE)

Simeon Djankov (PIIE)