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This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...
Persistent link: https://www.econbiz.de/10011431564
We analyze different options for the design of a common unemployment insurance system for the euro area (EA). We assess … degree of cross-country transfers. In the baseline, we focus on a non-contingent scheme covering short-term unemployment and … find that it would have absorbed a significant fraction of the unemployment shock in the recent crisis. However, four …
Persistent link: https://www.econbiz.de/10011375679
We analyze different options for the design of a common unemployment insurance system for the euro area (EA). We assess … degree of cross-country transfers. In the baseline, we focus on a non-contingent scheme covering short-term unemployment and … find that it would have absorbed a significant fraction of the unemployment shock in the recent crisis. However, four …
Persistent link: https://www.econbiz.de/10011449042
We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed …-term unemployment and find that it would have absorbed a significant fraction of the unemployment shock in the recent crisis. However, 5 …
Persistent link: https://www.econbiz.de/10010423760
We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed …-term unemployment and find that it would have absorbed a significant fraction of the unemployment shock in the recent crisis. However, 5 …
Persistent link: https://www.econbiz.de/10010425498
This contribution develops a blueprint for a European fiscal union. The proposal addresses the shortcomings of most other reform designs which do not offer a solution for insolvent or noncooperative euro countries. We suggest a design which combines fiscal insurance with an orderly procedure to...
Persistent link: https://www.econbiz.de/10011300749
Eurozone. We discuss different alternatives how an unemployment insurance system for the euro area could be designed and run …
Persistent link: https://www.econbiz.de/10010489902
tiers of social protection, in particular upstream systems such as unemployment insurance, job retention and employment …
Persistent link: https://www.econbiz.de/10014487454
unemployment insurance, job retention and employment protection, as they play an additional and potentially prominent role in …
Persistent link: https://www.econbiz.de/10014250070