Volume 57
January/February 2022 · Number 1

Editorial

• A Three Percent Structural Deficit Rule

  Christian Breuer

Forum

• Redesigning EU Fiscal Rules After COVID-19

  Carlos Cuerpo, Klaus Regling, Roel Beetsma, Catherine Mathieu, Henri Sterdyniak, Sebastian Barnes, Cinzia Alcidi, Francesco Corti, Daniel Gros

Articles

• How Large Is the Risk of Stagflation in the Eurozone?

  Markus Demary, Michael Hüther

• International Inequality and the COVID-19 Pandemic

  Michael Dauderstädt

• Do the COVID-19 Crisis, Ageing and Climate Change Put Swiss Fiscal Sustainability at Risk?

  Thomas Brändle, Pierre-Alain Bruchez, Carsten Colombier, Martin Baur, Lukas Hohl

• The Macroeconomic Imbalance Procedure at the Heart of EU Economic Governance Reform

  Willi Koll, Andrew Watt

Letter from America

• An Unprecedented Recovery: Why Have We Lost the Plot?

  Mark Copelovitch