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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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Monetary policy, macroeconomic policy mix and economic performance in the Euro area
Hein, Eckhard; Truger, Achim - 2006
In order to explain slow growth and high unemployment in the Euro area, in particular if compared to the USA, we follow a macroeconomic policy view focussing on the more restrictive stance of monetary, fiscal and wage policies in the Euro area. In the present paper we focus on the particular...
Persistent link: https://www.econbiz.de/10003744533
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Fiscal policy and macroeconomic performance in the Euro area : lessons for the future
Hein, Eckhard; Truger, Achim - 2006
Since the start of the European Monetary Union fiscal policy in the Euro area has been dominated by the Stability and Growth Pact (SGP). Quite obviously the SGP has been unsuccessful in fulfilling its goals, fiscal sustainability and supporting economic growth. More and more countries have...
Persistent link: https://www.econbiz.de/10003744534
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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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Austerity, cyclical adjustment and the remaining leeway for expansionary fiscal policies within the current EU fiscal framework
Truger, Achim - 2015
this be realised within the current institutional framework. Recently, the EU-Commission in this spirit has launched the …
Persistent link: https://www.econbiz.de/10010511177
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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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Implementing the golden rule for public investment in Europe : safeguarding public investment and supporting the recovery
Truger, Achim - 2015
Most parts of the Euro area have seen seven years of deep economic crisis. The strategy of tightening the fiscal constraints of the SGP has driven many member states into austerity. In contrast, the golden rule of public investment proposed in this study would be one important element of the...
Persistent link: https://www.econbiz.de/10011336549
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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