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It is widely argued that Europe's unified monetary policy calls for the international coordination at the fiscal level. We survey the issues involved with such coordination of fiscal policy as a demand management tool and we use a simple model to investigate the circumstances under which...
Persistent link: https://www.econbiz.de/10011400878
provide our own estimates for the EU countries. A fiscal expansion raises output and consumption and reduces the trade balance … open EU economies, consistent with larger leakage effects. Further direct estimates suggest that fiscal expansions in large … EU economies have non-negligible consequences for economic activity in the main trading partners. This provides a …
Persistent link: https://www.econbiz.de/10003937804
Based on a conjoint survey experiment we explore the support among European citizens for a European Union (EU … designed, there is quite substantial support for such an EU instrument generally and across the sample countries. Support is …
Persistent link: https://www.econbiz.de/10012258505
While the EU recovery plan provides a useful step in alleviating the economic effects of the coronavirus crisis and …. Such a EU-wide stabilization function would be in accordance with the subsidiarity principle, enshrined in the Treaty of …
Persistent link: https://www.econbiz.de/10012382236