Alloza, Mario; Andrés, Javier; Burriel, Pablo; … - 2021
English Abstract: The main proposals for the reform of the European Union’s fiscal policy framework affect three blocks … global shocks. In this paper we argue that this setting calls for a paradigm shift in how the fiscal policy framework is … further and incorpórate supranational risk-sharing components enabling the smooth operation of the monetary and fiscal policy …