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In some ways, a 2012 symposium on “Dilemmas of State Debt” may seem a bit behind the news curve. At the end of 2010, municipal bond markets were in a deep funk. Analysts predicted that countless municipalities and perhaps one or more of the United States might default on their debt...
Persistent link: https://www.econbiz.de/10014164095
Persistent link: https://www.econbiz.de/10011492044
The existing studies of unemployment benefit and unemployment duration suggest that reforms that lower either the level … or the duration of benefits should reduce unemployment. Despite the large number of such reforms implemented in Europe in …
Persistent link: https://www.econbiz.de/10014068269
The empirical literature on unemployment insurance has focused on its direct effect on unemployment duration, while the … evidence on the effect of unemployment benefits on unemployment and employment duration in Europe, using individual data from … benefits has a direct negative effect increasing the duration of unemployment spells, there is also a positive indirect effect …
Persistent link: https://www.econbiz.de/10013317454
The design of intergovernmental fiscal relations can help to ensure that tax and spending powers are assigned in a way to promote sustainable and inclusive economic growth. Decentralisation can enable sub-central governments to provide better public services for households and firms, while it...
Persistent link: https://www.econbiz.de/10012227447
In the wake of the euro area crisis, the debate on instruments to deepen economic integration among its members has intensified, among others putting forward a fiscal stabilization capacity for EMU members. Contributions made so far to further this idea have mostly concentrated on the...
Persistent link: https://www.econbiz.de/10011436156
After the financial and economic crisis in Europe, a broad consensus has emerged that a stronger fiscal dimension may be needed to complete the architecture of Economic and Monetary Union (EMU). This paper analyses the performance of interregional transfers in existing fiscal-federal systems,...
Persistent link: https://www.econbiz.de/10012197708
Although decision processes at the EU level are highly complex and often require unanimity, explicit side payments among member states are unknown. However, logrolling and redistributive policies are substitutes. This paper considers the EU regional policy as a substitute for explicit side...
Persistent link: https://www.econbiz.de/10011402586
European debates over reform of the fiscal governance of the euro area frequently reference fiscal federalism in the United States. The "fiscal compact" agreed by the European Council during 2011 provided for the introduction of, among other things, constitutional rules or framework laws known...
Persistent link: https://www.econbiz.de/10013112640
Although decision processes at the EU level are highly complex and often require unanimity, explicit side payments among member states are unknown. However, logrolling and redistributive policies are substitutes. This paper considers the EU regional policy as a substitute for explicit side...
Persistent link: https://www.econbiz.de/10013319421