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Fiscal Transfers and Economic Convergence

Capella-Ramos, João; Checherita-Westphal, Cristina D.; … - 2021

Economic and Monetary Union (EMU) and increase its resilience, inter alia, by speeding up economic convergence. The impact of … transfers in real and business cycle convergence at a regional level. The paper distinguishes between net fiscal transfers – a … provides evidence that net fiscal transfers have contributed to income redistribution across regions and to faster convergence …

Persistent link: https://www.econbiz.de/10013314882

A Fiscal Capacity for the Euro Area : Lessons from Existing Fiscal-Federal Systems

Burriel, Pablo - 2020

After the financial and economic crisis in Europe, a broad consensus has emerged that a stronger fiscal dimension may be needed to complete the architecture of Economic and Monetary Union (EMU). This paper analyses the performance of interregional transfers in existing fiscal-federal systems,...

Persistent link: https://www.econbiz.de/10012837540

Monetary-Fiscal Policy Interactions in the Euro Area

Debrun, Xavier; Masuch, Klaus; Vansteenkiste, Isabel; … - 2021

The last review of the ECB’s monetary policy strategy in 2003 followed a period of predominantly upside risks to price stability. Experience following the 2008 financial crisis has focused renewed attention on the question of how monetary and fiscal policy should best interact, in particular...

Persistent link: https://www.econbiz.de/10013210832