Clemens, Marius; Klein, Mathias - In: DIW Weekly Report 8 (2018) 22/23, pp. 193-200
European stabilization mechanism is being discussed. This study examines the macroeconomic effects of a stabilization fund, the … economic consequences of which are analyzed in an equilibrium model. The model shows that a stabilization fund reduces economic … noted that a stabilization fund may be more politically feasible than shifting responsibility from the national level to a …