Gadatsch, Niklas; Hollmayr, Josef; Stähler, Nikolai - 2016
within EMU. We differentiate between three different scenarios: public revenue equalisation, tax harmonisation and a … degree of integration and on how key macroeconomic variables adjust. Short term differences between the regimes are minor … EMU already. While key macroeconomic variables would have reacted very similarly, debt dynamics could have changed notably …