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| Model | Core Variable | Predicts Eurozone crisis? | Legal (LEG) integration | Policy (GPM) relevance | |-------|---------------|---------------------------|--------------------------|------------------------| | OCA | Labor mobility + cycle synchronicity | Partially (asymmetric shocks) | Low (assumes exogenous) | Medium (policy implications) | | LEG | Treaty rules & enforcement | No (rules were broken) | High (core focus) | Low (rigid) | | GPM | Policy mix & competitiveness | Yes (internal devaluation) | Medium (ignores legal change) | High (dynamic) | papermodelsemulegpmpapermodelcompilation top