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Macroeconomic policies of the Economic Monetary Union : theoretical underpinnings and challenges
Arestis, Philip (contributor);  … - 2003
Persistent link: https://www.econbiz.de/10003208541
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Twenty years of the German euro are more than enough
Bibow, Jörg - 2018
This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...
Persistent link: https://www.econbiz.de/10011894027
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Germany and the euroland crisis : the making of a vulnerable haven
Bibow, Jörg - 2013
This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a strong rebound from the global financial crisis of 2008-09. The Euroland crisis then meant record low interest rates and a depressed euro that boosted German extra-area exports. But...
Persistent link: https://www.econbiz.de/10009757118
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Fiscal policy and rebalancing in the Euro area : a critique of the German debt brake from a Post-Keynesian perspective
Hein, Eckhard; Truger, Achim - 2013
The German debt brake is often regarded as a great success story, and has therefore served as a role model for the Euro area and its fiscal compact. In this paper we fundamentally criticize the debt brake. We show that (1) it suffers from serious shortcomings, and its success is far from certain...
Persistent link: https://www.econbiz.de/10010187671
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Budget credibility of subnational governments: analyzing the fiscal forecasting errors of 28 states in India
Chakraborty, Lekha; Chakraborti, Pinaki; Shrestha, Ruzel - 2020
Budget credibility, or the ability of governments to accurately forecast macro-fiscal variables, is crucial for effective public finance management. Fiscal marksmanship analysis captures the extent of errors in the budgetary forecasting. The fiscal rules can determine fiscal marksmanship, as...
Persistent link: https://www.econbiz.de/10012252992
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Going forward from B to A? : proposals for the Eurozone crisis
Amato, Massimo; Fantacci, Luca; Papadimitriou, Dimitri Basil - 2016
After reviewing the main determinants of the current eurozone crisis, this paper discusses the feasibility of … austerity measures in order to abide by their commitments to eurozone institutions and the International Monetary Fund. We show … that the introduction of fiscal currencies would speed up the recovery, without violating the rules of eurozone treaties …
Persistent link: https://www.econbiz.de/10011481615
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Fiscal stabilization in the United States : lessons for monetary unions
Nikolov, Plamen; Pasimeni, Paolo - 2019
The debate about the use of fiscal instruments for macroeconomic stabilization has regained prominence in the aftermath of the Great Recession, and the experience of a monetary union equipped with fiscal shock absorbers, such as the United States, has often been a reference. This paper enhances...
Persistent link: https://www.econbiz.de/10011999069
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Making the Euro viable : the Euro treasury plan
Bibow, Jörg - 2015
a vehicle to pool future eurozone public investment spending and to have it funded by proper eurozone treasury …
Persistent link: https://www.econbiz.de/10011309515
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Lost at sea : the euro needs a Euro Treasury
Bibow, Jörg - 2013
of existing national public debts is involved. Instead, the Euro Treasury is established as a means to pool eurozone … public investment spending and have it funded by proper eurozone treasury securities. …
Persistent link: https://www.econbiz.de/10010204687