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Reflections on fiscal coordination and integration in Europe

Cheng, Gong; Korhonen, Kari - 2020

This paper provides an overview of the key steps that were made in the European Union toward enhancing fiscal policy coordination and integration prior to the Covid-19 crisis. It especially highlights the key challenges and strategies that should be considered when thinking of further fiscal...

Persistent link: https://www.econbiz.de/10012262584

Saving Europe? : the unpleasant arithmetic of fiscal austerity in integrated economies

Mendoza, Enrique G.; Tesar, Linda L.; Zhang, Jing - 2014

What are the macroeconomic effects of tax adjustments in response to large public debt shocks in highly integrated economies? The answer from standard closed-economy models is deceptive, because they underestimate the elasticity of capital tax revenues and ignore crosscountry spillovers of tax...

Persistent link: https://www.econbiz.de/10010426560

Saving Europe? : the unpleasant arithmetic of fiscal austerity in integrated economies

Mendoza, Enrique G.; Tesar, Linda L.; Zhang, Jing - 2014

Europe's debt crisis casts doubt on the effectiveness of fiscal austerity in highly-integrated economies. Closed-economy models overestimate its effectiveness, because they underestimate tax-base elasticities and ignore cross-country tax externalities. In contrast, we study tax responses to debt...

Persistent link: https://www.econbiz.de/10010463574

On public spending and economic unions

Ventura, Jaume; Broner, Fernando; Martin, Alberto - 2020

Persistent link: https://www.econbiz.de/10012305821

The fiscal challenges of Polish integration with the euro area

Kasperowicz-Stępień, Alicja - In: Copernican Journal of Finance & Accounting : CJF&A 4 (2015) 1, pp. 83-96

Persistent link: https://www.econbiz.de/10012222493

Fiscal performance and fiscal implications of the EU accession in Poland : paper prepared for the international conference on "European Constitution and European Integration", Taip...

Rapacki, Ryszard - 2005 - First draft

This paper seeks to explore the fiscal performance in Poland - one of the top reformer transition economies and …'s accession to the European Union. If not properly addressed, some of these implications or challenges may endanger Poland … European Union. If persisting, they may in the longer run also jeopardize (or at least delay) Poland's membership in the EMU. …

Persistent link: https://www.econbiz.de/10011454488