Koester, Gerrit (contributor); Sondermann, David (contributor) - Europäische Zentralbank / Task Force on Systemic Liquidity - 2018
A macroeconomic stabilisation function for the euro area - as envisaged in the Five Presidents' Report - plays a central role in the debate on deepening Economic and Monetary Union (EMU). We evaluate a broad range of options, their impact on economic growth, macroeconomic stabilisation and...