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European Fiscal Union: What Is It? Does It Work? And Are There Really 'No Alternatives'?
Fuest, Clemens; Peichl, Andreas - 2012
The view is widespread that there are just two options for the future of the Eurozone - either it is complemented by a fiscal union, or it will fall apart. In this paper, we discuss five possible elements of a fiscal union, of which three are in the centre of the current debate on fiscal union...
Persistent link: https://www.econbiz.de/10010331439
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What do we really know about fiscal sustainability in the EU? A panel data diagnostic
Afonso, António; Rault, Christophe - 2007
We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006). …
Persistent link: https://www.econbiz.de/10011604866
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Business cycle synchronization and insurance mechanisms in the EU
Afonso, António; Furceri, Davide - 2007
In this paper we provide a positive exercise on past business-cycle correlations and risk sharing in the European Union, and on the ability of insurance mechanisms and fiscal policies to smooth income fluctuations. The results suggest in particular that while some of the new Member States have...
Persistent link: https://www.econbiz.de/10011604890
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Ostöffnung, EU-Mitgliedschaft, Euro-Teilnahme und EU-Erweiterung: Wirtschaftliche Auswirkungen auf Österreich
Breuss, Fritz - 2006
opening, Austria's accession to the EU and its currency union, EU enlargement). With some of these steps occurring in parallel …, its effects have similarly overlapped. Eastern opening since 1989 and Austria's EU membership since 1995 (and its … some 100,000 to 150,000 new jobs. The EU enlargement of 2004 has similarly benefiting Austria more than other EU 15 …
Persistent link: https://www.econbiz.de/10011435199
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Towards a New EMU
Breuss, Fritz - 2013
towards a more centralised fiscal policy at EU/Euro area level within a new EMU economic governance. Besides the improvement …
Persistent link: https://www.econbiz.de/10011435347
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Between high ambition and pragmatism: Proposals for a reform of fiscal rules without treaty change. expert study commissioned by the European Economic and Social Committee (EESC)
Dullien, Sebastian; Paetz, Christoph; Repasi, René; … - 2022
This study examines major reform proposals of EU fiscal rules from an economic and legal perspective. We disassemble … final reform package. We show that quite far-reaching reforms of EU fiscal rules are feasible without treaty change as … reconcile with the EU treaties. …
Persistent link: https://www.econbiz.de/10013364517
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Lessons from the European spaghetti bowl
Baldwin, Richard - 2013
European economic integration fascinates and inspires for the way it brought peace to a continent torn by violent and long-standing rivalries. The lessons from Europe, however, cannot be applied directly as the degree of the European Union's supranationality is unthinkable elsewhere. This paper...
Persistent link: https://www.econbiz.de/10010397207
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The Maastricht Treaty, Economic and Monetary Union, and the neorealist research programme
Grieco, Joseph M. - 1994
Persistent link: https://www.econbiz.de/10000882022
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Note on a single European currency and central bank
Goodhart, Charles A. E. - 1987
Persistent link: https://www.econbiz.de/10000884664
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Economic and Monetary Union (EMU) in Europe
Goodhart, Charles A. E. - 1989
Persistent link: https://www.econbiz.de/10000884766