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Which is the optimal fiscal rule in a monetary union? : targeting the structural, the global budgetary deficit, or the public debt?

Menguy, Séverine - In: Cogent economics & finance 2 (2014) 1, pp. 2-20

The aim of our paper is to contribute to the debate on optimal fiscal rules in a monetary union: in terms of global budgetary deficit, of structural budgetary deficit, or of public debt. Indeed, these rules seem to be mixed in the framework of the European Economic and Monetary Union, with the...

Persistent link: https://www.econbiz.de/10010482338

The Economic Rationale of an EMU Fiscal Capacity

2018

This paper explores the economic rationale of an EMU fiscal capacity. It explains that the EMU's architecture suffers from two structural weaknesses: a tendency to develop imbalances and an inherent deflationary bias. The analysis shows that the external imbalances developed during the first...

Persistent link: https://www.econbiz.de/10012914443

Fiscal or bailout union : where is the EU/EMU's fiscal integration heading?

Dąbrowski, Marek - 2013

Eurozone. Each variant of fiscal integration must be based on sound foundations of fiscal discipline. Market discipline, i …

Persistent link: https://www.econbiz.de/10010187949

Revisiting the economic case for fiscal union in the euro area

Berger, Helge; Dell'Ariccia, Giovanni; Obstfeld, Maurice - 2019

Persistent link: https://www.econbiz.de/10012177364

Optimal Currency Areas and the Euro, Volume II : Capital and Labor Mobility

Dreyer, Johannes Kabderian; Schmid, Peter Alfons - 2023

This book makes a unique contribution to the assessment of Eurozone’s foundations and viability by drawing on factor … mobility. It makes essential reading for all professionals keen in Eurozone economics and anyone with a genuine interest on the … future of EU/Eurozone. Static and dynamic econometric analysis provide an excellent guide to quants specialists and at the …

Persistent link: https://www.econbiz.de/10014333795

Die Euro-Krise : Ursachen, Verlauf, makroökonomische und europarechtliche Aspekte und Lösungen

Schuppan, Norbert - 2014

Persistent link: https://www.econbiz.de/10010219000

Joint debt arrangements in EMU: from NextGenEU to Eurobonds

Spurga, Simonas Algirdas; Šreiberytė, Emilė - 2021

Persistent link: https://www.econbiz.de/10012520497

Fiscal governance in the Euro area : what kind of union?

Hagen, Jürgen von - In: Economic globalization and governance : essays in honor …, (pp. 139-148). 2021

Political debates over the fiscal framework of the European Monetary Union have focused on two issues, dealing with asymmetric shocks and maintaining a high degree of fiscal discipline. After reviewing the development of the EMU fiscal framework, we argue that transfers dealing with asymmetric...

Persistent link: https://www.econbiz.de/10012310792

Die Stabilitätsprogramme der EU : Anspruch und Wirklichkeit in den ersten vier Jahren der Europäischen Währungsunion

Sell, Friedrich L. - 2003

einen neuen Policy Mix in der Euro-Zone organisieren hilft und zugleich das berühmte Zuordnungsproblem adäquat löst. Das …

Persistent link: https://www.econbiz.de/10001790082

Die Stabilitätsprogramme der EU : Anspruch und Wirklichkeit in den ersten vier Jahren der Europäischen Währungsunion

Sell, Friedrich L. - 2003

einen neuen "Policy Mix" in der Euro-Zone organisieren hilft und zugleich das berühmte "Zuordnungsproblem adäquat löst. Das …

Persistent link: https://www.econbiz.de/10010509331