Caiani, Alessandro; Catullo, Ermanno - 2023
Using a refined version of the multi-country AB-SFC model of a Monetary Union already presented in Caiani et al. (2018a …, 2019) the paper aims at providing a tentative assessment of the economic effects of transforming the European Monetary … Union into an Intergovernmental Fiscal Transfer Union (IFTU) with its own fiscal capacity. Countries contribute …