A policymaker's guide to a Euro area ...
Document type :
Compte-rendu et recension critique d'ouvrage
Title :
A policymaker's guide to a Euro area stabilization fund
Author(s) :
Farvaque, Etienne [Auteur]
Lille économie management - UMR 9221 [LEM]
Huart, Florence [Auteur]
Economie Quantitative, Intégration, Politiques Publiques et Econométrie [EQUIPPE]
Lille économie management - UMR 9221 [LEM]
Lille économie management - UMR 9221 [LEM]
Huart, Florence [Auteur]
Economie Quantitative, Intégration, Politiques Publiques et Econométrie [EQUIPPE]
Lille économie management - UMR 9221 [LEM]
Journal title :
Economia politica
Pages :
11--30
Publisher :
Società Editrice il Mulino
Publication date :
2016-08
ISSN :
1120-2890
English keyword(s) :
Federal transfers
Fiscal union
Fiscal federalism
European integration
Stabilization effects
Fiscal union
Fiscal federalism
European integration
Stabilization effects
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
In 2012, several reports were published advocating the creation of a genuine fiscal capacity at the European level, to strengthen the foundations of the Economic and Monetary Union (EMU) by helping member countries to ...
Show more >In 2012, several reports were published advocating the creation of a genuine fiscal capacity at the European level, to strengthen the foundations of the Economic and Monetary Union (EMU) by helping member countries to adjust to asymmetric shocks. The design of a common stabilization fund should be well thought, though: what would be stabilized? When would transfers be paid? Would they be directed towards governments or individuals? How would they be financed? And would they help stabilize economies? We address these questions by outlining recent existing proposals, their features and their simulated stabilization effects. We finally underline the difficulties in implementing such a scheme.Show less >
Show more >In 2012, several reports were published advocating the creation of a genuine fiscal capacity at the European level, to strengthen the foundations of the Economic and Monetary Union (EMU) by helping member countries to adjust to asymmetric shocks. The design of a common stabilization fund should be well thought, though: what would be stabilized? When would transfers be paid? Would they be directed towards governments or individuals? How would they be financed? And would they help stabilize economies? We address these questions by outlining recent existing proposals, their features and their simulated stabilization effects. We finally underline the difficulties in implementing such a scheme.Show less >
Language :
Anglais
Popular science :
Non
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