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This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...
Persistent link: https://www.econbiz.de/10011431564
The Eurozone debt crisis has revived the debate about deeper fiscal integration in the European Economic and Monetary Union (EMU). Some observers argue that fiscal risk sharing is necessary to make the Eurozone more resilient to macroeconomic shocks and to avoid its break-up. However, the main...
Persistent link: https://www.econbiz.de/10011548933
Purpose -- The purpose of this paper is to study opinions and attitudes towards immigrants and minorities and their interactions with other barriers to minorities' economic integration. Specifically, the minority experts' own perceptions about these issues, the veracities and repercussions of...
Persistent link: https://www.econbiz.de/10011528230
We analyze different options for the design of a common unemployment insurance system for the euro area (EA). We assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the period...
Persistent link: https://www.econbiz.de/10011375679
We analyze different options for the design of a common unemployment insurance system for the euro area (EA). We assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the period...
Persistent link: https://www.econbiz.de/10011449042
the new Keynesian DSGE model QUEST, used by the European Commission for analysing fiscal and structural reform in EU … obtained when scoring specific reforms in three EU Member States, namely, Italy, Belgium and Poland. We compare two different …
Persistent link: https://www.econbiz.de/10011981955
In this paper, we present the first dynamic scoring exercise linking a multi‐country microsimulation and DSGE models for all countries of the European Union. We illustrate our novel methodology analysing a hypothetical tax reform for Belgium. We then evaluate real tax reforms in Italy and...
Persistent link: https://www.econbiz.de/10011626786
The free movement of people and of workers (intra EU mobility) is one of the corner-stones of the EU. It has … overwhelmingly benefitted the citizens of the EU member states both in the countries of work and in the countries of origin. Earlier … and large refuted. At the same time, EU mobility policies still need a significant deepening and upgrading, to deal with …
Persistent link: https://www.econbiz.de/10011614195
A sustainable EU Immigration Policy aims to contribute to a vibrant European society through more effectively and … selectively managed immigration from outside the EU, more attention to integration of immigrants, more rooting out of … have settled. Immigration from outside the EU is often opposed, mainly because of sluggish integration combined with …
Persistent link: https://www.econbiz.de/10011637960
We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed and assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the...
Persistent link: https://www.econbiz.de/10010423760