Showing 1 - 10 of 24
Persistent link: https://www.econbiz.de/10010404075
With disparities in national unemployment rates reaching record levels, the debate on fiscal stabilisers in Europe has gained new momentum. Can a European unemployment insurance scheme help to absorb asymmetric shocks and bring about the desired level of macroeconomic stabilisation? What should...
Persistent link: https://www.econbiz.de/10010471476
Persistent link: https://www.econbiz.de/10011696749
It is widely assumed that a common currency makes it desirable to have also a common fiscal policy. However, if fiscal policy is a source of shocks, independent national fiscal policies are generally preferable because they allow for risk diversification. -- Currency union ; fiscal policy...
Persistent link: https://www.econbiz.de/10003745058
Persistent link: https://www.econbiz.de/10003831763
Persistent link: https://www.econbiz.de/10003818900
The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served as a transmission belt, both during the boom as during...
Persistent link: https://www.econbiz.de/10003934687
Persistent link: https://www.econbiz.de/10008991745
Persistent link: https://www.econbiz.de/10009626654
Persistent link: https://www.econbiz.de/10010387428