Die vorliegende Studie der Stiftung Marktwirtschaft wirft einen ungeschminkten Blick auf die Nachhaltigkeit der öffentlichen Finanzen in den zwölf Gründungsstaaten der Eurozone (EURO12-Staaten). Sie ermittelt die tatsächliche Staatsverschuldung der Länder. Das daraus resultierende Ranking,...

The current debt crisis has given rise to a debate about deeper fiscal integration in Europe. The view is widespread that moving towards a 'fiscal union' would have a stabilising effect in the event of macroeconomic shocks. In this paper we study the economic effects of introducing two elements...

Europa leidet noch immer unter einer erdrückenden Schuldenlast. Sieben Jahre nach Beginn der Finanz- und Wirtschaftskrise ringen daher zahlreiche Mitgliedstaaten der Europäischen Union um ihren fiskalpolitischen Kurs. Auf der einen Seite steht die Forderung, den begonnenen, an Strukturreformen...

We analyze different options for the design of a common unemployment insurance system for the euro area (EA). We assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the period...

The current debt crisis has given rise to a debate about deeper fiscal integration in Europe. The view is widespread that moving towards a 'fiscal union' would have a stabilising effect in the event of macroeconomic shocks. In this paper we study the economic effects of introducing two elements...

The 2008-09 crisis has shown that some euro area member countries were unable to sufficiently stabilize their economies which has given rise to a debate about deeper fiscal integration in Europe. In this paper, we analyze the redistributive and stabilizing effects of two scenarios of fiscal...