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Automatic stabilisers and economic crisis : US vs Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2010

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 per cent of the shock are …

Persistent link: https://www.econbiz.de/10003989856

Automatic stabilization and discretionary fiscal policy in the financial crisis

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - In: IZA journal of labor policy 1 (2012), pp. 1-19

This paper investigates the relationship between the magnitude of automatic stabilizers in the tax and transfer systems of 19 EU countries and the US, and discretionary fiscal stimulus packages passed by these countries during the recent economic crisis. In particular, we ask whether countries...

Persistent link: https://www.econbiz.de/10009687338

Fiscal union in Europe? : redistributive and stabilising effects of an EU tax-benefit system

Bargain, Olivier; Dolls, Mathias; Fuest, Clemens; … - 2012

representative household microdata from 11 Eurozone countries to simulate these policy reforms and to study their effects on the … cent of a macroeconomic income shock. Introducing a fiscal equalisation system based on taxing capacity would redistribute … that not all forms of fiscal integration will improve macroeconomic stability in the Eurozone. -- European income tax …

Persistent link: https://www.econbiz.de/10009545267

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

find that it would have absorbed a significant fraction of the unemployment shock in the recent crisis. However, four …

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

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

Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - 2015

This contribution develops a blueprint for a European fiscal union. The proposal addresses the shortcomings of most other reform designs which do not offer a solution for insolvent or noncooperative euro countries. We suggest a design which combines fiscal insurance with an orderly procedure to...

Persistent link: https://www.econbiz.de/10011300749