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Persistent link: https://www.econbiz.de/10009719330
This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...
Persistent link: https://www.econbiz.de/10012996428
requirement. Investments and reforms proposed by EU countries in their national medium-term fiscal structural plans can be … expected to also inform the fiscal adjustment proposed by member states. Yet, the EU lacks an agreed methodology for deciding …
Persistent link: https://www.econbiz.de/10014497435
some EU countries (and ourselves) preferring a DSA-based approach, while others prefer to stick to simple rules. This paper … evaluates the proposal by replicating the DSA methodology and computing fiscal adjustment implications for all EU countries with …
Persistent link: https://www.econbiz.de/10014372855