Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10011441323
Persistent link: https://www.econbiz.de/10012002486
Persistent link: https://www.econbiz.de/10012033051
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/10011576597
of 19 EU countries and the US, and discretionary fiscal stimulus packages passed by these countries during the recent …
Persistent link: https://www.econbiz.de/10009687338
income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 percent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … up to 30 per cent in the EU and up to 20 per cent in the US. There is large heterogeneity within the EU. Automatic …
Persistent link: https://www.econbiz.de/10008654956
Persistent link: https://www.econbiz.de/10009612600
Persistent link: https://www.econbiz.de/10013433395