Hebous, Shafik; Weichenrieder, Alfons J. - In: CESifo economic studies : CESifo, a joint initiative of … 62 (2016) 2, pp. 376-395
There is a large, yet growing debate about the need to complement the European monetary union with a stronger fiscal union. This article reviews the potential trade-offs between effectiveness, moral hazard problems, and permanent redistribution. Addressing the counter-arguments against a tighter...
