The European debt crisis triggered a debate on the lacking components of the EU and EMU integration architecture. Many … returns to scale and a better chance to address pan-European externalities. This applies to the entire EU, not only to the … the other hand, the current EU integration architecture already contains several elements of fiscal union. Furthermore, in …

The European debt crisis triggered a debate on the lacking components of the EU and EMU integration architecture. Many … returns to scale and a better chance to address pan-European externalities. This applies to the entire EU, not only to the … the other hand, the current EU integration architecture already contains several elements of fiscal union. Furthermore, in …

The European debt crisis triggered a debate on the lacking components of the EU and EMU integration architecture. Many … returns to scale and a better chance to address pan-European externalities. This applies to the entire EU, not only to the … the other hand, the current EU integration architecture already contains several elements of fiscal union. Furthermore, in …

directly. Consequently, we find that even though EMU tends to smooth consumption, it is not through cross-country property and … regulations. Some of the consumption smoothing may also depend on EU membership rather than EMU as such but EMU adds to it. As a … based on the behavior of consumption levels or growth, we focus on consumption volatility and therefore on smoothing more …

directly. Consequently, we find that even though EMU tends to smooth consumption, it is not through cross-country property and … regulations. Some of the consumption smoothing may also depend on EU membership rather than EMU as such but EMU adds to it. As a … based on the behavior of consumption levels or growth, we focus on consumption volatility and therefore on smoothing more …

directly. Consequently, we find that even though EMU tends to smooth consumption, it is not through cross-country property and … regulations. Some of the consumption smoothing may also depend on EU membership rather than EMU as such but EMU adds to it. As a … based on the behavior of consumption levels or growth, we focus on consumption volatility and therefore on smoothing more …

accounts for above 30 percent, and is the main absorption channel in the EMU. Households’ savings provide a negligible amount … appears to be at odd with the common understanding that greater financial integration should lead to international risk …This paper provides a comprehensive examination of the role of intertemporal risk sharing – or consumption smoothing …

-reaching EMU or EU reform will have to be approved by the national parliaments of Member States. A consensus between these three … division of competencies between the EU and Member States, and reforms to the decision making and financing of the EU. While … the national parliaments of the three largest Member States of the post-Brexit EU: France, Germany and Italy. Any far …

(treaty-based) variable geometry or differentiated integration in the core European Union (EU) institutions - especially … have to anchor EU integration. From an EU point of view, it does not make sense to accommodate member states' preferences … economic and monetary union (EMU) - is not sustainable. EMU has in the meantime become the (economic and political) core of the …

The enlargement of the European Union and the integration into the Economic and Monetary Union represents a complex … group is far away from the EU average in what concerns the GDP/capita. … phenomenon whose impact is extremely hard to quantify. A macroeconomic uniformity and creating some interconnections among member …