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A stabilization fund for a more crisis-proof euro area

Clemens, Marius - In: DIW weekly report : economy, politics, science : a … 9 (2019) 16/18, pp. 150-151

No country in Europe is safe from a recession. A stabilization fund which member states pay into while the economy is strong and from which they receive grants during downturns can improve welfare in individual euro area countries. The fund should be structured in such a way that permanent...

Persistent link: https://www.econbiz.de/10012007506

Geldpolitik und Finanzpolitik in der Währungsunion : Gegner oder Partner?

Neck, Reinhard; Haber, Gottfried - In: Geld und Gesellschaft : interdisziplinäre Perspektiven, (pp. 201-225). 2006

Persistent link: https://www.econbiz.de/10011722827

Theoretical approaches on the possible existence of a stabilising economic policy in Europe

Morselli, Alessandro - In: Journal of economic studies 43 (2016) 5, pp. 815-834

Persistent link: https://www.econbiz.de/10011694332

Macroeconomic stabilization, monetary-fiscal interactions, and Europe’s monetary union

Corsetti, Giancarlo; Dedola, Luca; Jarociński, Marek; … - 2017

Persistent link: https://www.econbiz.de/10011752228

Fiscal stabilisation in the euro-area : a simulation exercise

Carnot, Nicolas; Kizior, Magdalena; Mourre, Gilles - 2017

Persistent link: https://www.econbiz.de/10011760160

Eurobondage : the political costs of European monetary union

Moses, Jonathon Wayne - 2017

responded to the financial crisis. Contrary to popular perception, he finds that the monetary autonomy of small non-eurozone … states (Iceland, Hungary) helped prioritise the needs of domestic constituents over those of international markets. Eurozone … economic shocks, Eurobondage documents the major sacrifices that eurozone states have made in joining a suboptimum currency …

Persistent link: https://www.econbiz.de/10011762421

Labor mobility and fiscal policy in a currency union

Baglioni, Angelo; Boitani, Andrea; Bordignon, Massimo - 2014

Labor mobility is commonly taken as a property of an optimal currency area. But how does that property affect the outcome of fiscal policies? We address this issue with a two country - two period model, where both asymmetric and symmetric productivity shocks may hit the countries. We show that...

Persistent link: https://www.econbiz.de/10011774372

Fiscal policy in economic and monetary union : theory, evidence, and institutions

Buti, Marco - 2006

This book explores the origins, rationale, problems and prospects of the European fiscal policy framework. It provides the reader with a roadmap to EMU's budgetary framework by exploring its theoretical and empirical foundations, uncovering its historical roots and emphasising its supranational...

Persistent link: https://www.econbiz.de/10011852061

A stabilization fund can make the Euro area more crisis-proof

Clemens, Marius; Klein, Mathias - In: DIW weekly report : economy, politics, science : a … 8 (2018) 22/23, pp. 193-200

Reorganizing European fiscal policy is a main topic in current reform considerations. In particular, the creation of a European stabilization mechanism is being discussed. This study examines the macroeconomic effects of a stabilization fund, the economic consequences of which are analyzed in an...

Persistent link: https://www.econbiz.de/10011858306

A minimal moral hazard central stabilisation capacity for the EMU based on world trade

Beetsma, Roel; Cima, Simone; Cimadomo, Jacopo - 2018

Recent debate has focused on the introduction of a central stabilisation capacity as a completing element of the Economic and Monetary Union. Its main objective would be to contribute cushioning country-specific economic shocks, especially when national fiscal stabilisers are run down. There are...

Persistent link: https://www.econbiz.de/10011810026