The European Redemption Pact : Implementation and Macroeconomic Effects

One possible solution to the sovereign debt crisis is the European Redemption Pact (ERP) proposed by the German Council of Economic Experts. The ERP provides sustainable financing conditions for participating sovereigns to facilitate bringing public debt ratios below the reference value of 60% within the next 20 to 25 years. In this paper, we describe one possible way of implementing the ERP and analyse the fiscal effects of participating in the ERP. The macroeconomic impact of the proposal is illustrated with the multi-country model NiGEM

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Year of publication:	2013
Authors:	Doluca, Hasan
Other Persons:	Hübner, Malte (contributor) ; Rumpf, Dominik (contributor) ; Weigert, Benjamin (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Wirkungsanalyse \| Impact assessment \| Eurozone \| Euro area \| EU-Staaten \| EU countries \| Öffentliche Schulden \| Public debt \| Europäischer Stabilitätsmechanismus \| European Stability Mechanism \| Haushaltskonsolidierung \| Fiscal consolidation
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Intereconomics, Volume 47, Number 4, p. 230 - 239 (2012) Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 1, 2012 erstellt Volltext nicht verfügbar
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013075119