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De Grauwe, Paul; Gros, Daniel - 2009

The ECB has been arguing in the past that since there is no trade-off between price stability and financial stability, the pursuit of price stability is the best a central bank can do to also maintain financial stability. We argue that there is a potential trade-off between price stability and...

Persistent link: https://www.econbiz.de/10003888991

How to deal with the treat of sovereign default in Europe : towards a Euro(pean) Monetary Fund

Gros, Daniel; Mayer, Thomas - In: Intereconomics : review of European economic policy 45 (2010) 2, pp. 64-68

Persistent link: https://www.econbiz.de/10003953059

Transatlantic differences in real estate bubbles?

Gros, Daniel - In: Intereconomics : review of European economic policy 43 (2008) 2, pp. 66-67

Persistent link: https://www.econbiz.de/10003681093

Automatic stabilizers and economic crisis : US vs. Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2009

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … 26 to 35 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers …

Persistent link: https://www.econbiz.de/10003922975

Tax-benefit systems in Europe and the US : between equity and efficiency

Bargain, Olivier; Dolls, Mathias; Neumann, Dirk; … - 2011

approach to characterize the redistributive preferences embodied in the welfare systems of 17 EU countries and the US. Implicit …

Persistent link: https://www.econbiz.de/10009240828

Reconciling insurance with market discipline : a blueprint for a European fiscal union

Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - 2016

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/10011431564

An unemployment insurance scheme for the euro area? : a comparison of different alternatives using micro data

Dolls, Mathias; Fuest, Clemens; Neumann, Dirk; Peichl, … - 2015

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...

Persistent link: https://www.econbiz.de/10011375679

Banking union with a sovereign virus : the self-serving treatment of sovereign debt

Gros, Daniel - In: Intereconomics : review of European economic policy 48 (2013) 2, pp. 93-97

Despite the experience of the ongoing sovereign debt crisis, European banks continue to hold large amounts of bonds from their home governments. This ties the fates of the sovereign and the banks together, leading to the disruptive self-reinforcing feedback loops that brought the euro area to...

Persistent link: https://www.econbiz.de/10009724736

How to deal with the treat of sovereign default in Europe : towards a Euro(pean) Monetary Fund

Gros, Daniel; Mayer, Thomas - In: Intereconomics : review of European economic policy 45 (2010) 2, pp. 64-68

Persistent link: https://www.econbiz.de/10009659543

The euro sovereign crisis : the difficult transition to private sector involvement

Gros, Daniel - In: Intereconomics : review of European economic policy 45 (2010) 6, pp. 346-350

Persistent link: https://www.econbiz.de/10009663811