Carnot, Nicolas; Evans, Phil; Fatica, Serena; Mourre, Gilles - Centre Emile Bernheim, Solvay Brussels School of … - 2014
This paper explores whether collective insurance schemes of various kinds could improve the degree of cyclical income stabilisation and the operation of fiscal stabilisers in the European Economic and Monetary Union (EMU). We review the potential issues, the underlying trade-offs and the...