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European Fiscal Union: What Is It? Does It Work? And Are There Really 'No Alternatives'?
Fuest, Clemens; Peichl, Andreas - 2012
The view is widespread that there are just two options for the future of the Eurozone - either it is complemented by a fiscal union, or it will fall apart. In this paper, we discuss five possible elements of a fiscal union, of which three are in the centre of the current debate on fiscal union...
Persistent link: https://www.econbiz.de/10010331439
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Fiscal policy and public debt sustainability in the EMU
Neck, Reinhard (contributor); Holzmann, Robert (contributor) - 2006
Persistent link: https://www.econbiz.de/10003378325
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Sustainability of public debt
Neck, Reinhard (ed.); Sturm, Jan-Egbert (contributor) - 2008
development of public debt in the United States and six EU countries is sustainable - that is, whether fiscal policies in these … Switzerland, with special emphasis in the EU chapters on the fiscal criteria for entrance into the European Monetary Union and the …
Persistent link: https://www.econbiz.de/10003522739
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Fiscal union in Europe? : redistributive and stabilising effects of an EU tax-benefit system
Bargain, Olivier; Dolls, Mathias; Fuest, Clemens; … - 2012
study the economic effects of introducing two elements of a fiscal union: Firstly, an EU-wide tax and transfer system and … secondly, an EU-wide system of fiscal equalisation. Using the European tax-benefit calculator EUROMOD, we exploit … countries. These effects depend on income levels and the structures of the existing national tax and transfer systems. The EU …
Persistent link: https://www.econbiz.de/10009545267
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European fiscal union : what is it?, does it work?, and are there really ‘no alternatives’?
Fuest, Clemens; Peichl, Andreas - 2012
The view is widespread that there are just two options for the future of the Eurozone – either it is complemented by a fiscal union, or it will fall apart. In this paper, we discuss five possible elements of a fiscal union, of which three are in the centre of the current debate on fiscal union...
Persistent link: https://www.econbiz.de/10009525226
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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
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Fiscal union in Europe? : redistributive and stabilising effects of an EU tax-benefit system
Bargain, Olivier; Dolls, Mathias; Fuest, Clemens; … - 2012
study the economic effects of introducing two elements of a fiscal union: Firstly, an EU-wide tax and transfer system and … secondly, an EU-wide system of fiscal equalisation. Using the European tax-benefit calculator EUROMOD, we exploit … countries. These effects depend on income levels and the structures of the existing national tax and transfer systems. The EU …
Persistent link: https://www.econbiz.de/10009667120
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Fiscal union in Europe? : redistributive and stabilising effects of a European tax-benefit system and fiscal equalisation mechanism
Bargain, Olivier; Dolls, Mathias; Fuest, Clemens; … - 2012
Persistent link: https://www.econbiz.de/10009719330
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Fiscal integration in the Eurozone : economic effects of two key scenarios
Dolls, Mathias; Fuest, Clemens; Neumann, Dirk; Peichl, … - 2014
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...
Persistent link: https://www.econbiz.de/10010234019
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"Haircuts" for the EMU periphery : virtue or vice? ; conference paper
Neck, Reinhard; Blüschke, Dmitri - 2013 - Preliminary version
We use a dynamic game model of a two-country monetary union to study the impacts of an exogenous fall in aggregate demand, the resulting increase in public debt, and the consequences of a sovereign debt haircut for a member country or bloc of the union. In this union, the governments of...
Persistent link: https://www.econbiz.de/10010340564