Similar Search Results

A feasible unemployment-based shock absorber for the Euro area

Brandolini, Andrea; Carta, Francesca; D'Amuri, Francesco - 2015

This paper contributes to the debate on the design of a centralised fiscal tool absorbing country-specific negative shocks in the euro area. Based on theoretical insights, it identifies the broad characteristics that a shock absorber based on unemployment should have in order to be...

Persistent link: https://www.econbiz.de/10010484883

Smoothing asymmetric shocks vs. redistribution in the euro area : a simple proposal for dealing with mistrust in the euro area

Oksanen, Heikki - 2016 - This version 2016-03-22

The euro area will not have a centralised budget and smoothing of country-specific asymmetric shocks via private financial markets will develop only slowly. Mistrust among the governments has caused rigid, even pro-cyclical fiscal policies. Smoothing mechanisms are absent due to the fear that...

Persistent link: https://www.econbiz.de/10011444463

A simple and flexible alternative to the stability and growth pact deficit ceilings : is it at hand?

Muscatelli, V. Anton; Natale, Piergiovanna; Tirelli, … - 2003

There have been widespread criticisms of EMU fiscal institutions. We consider a simple alternative to the deficit ceilings envisaged in the Stability and Growth Pact. We advocate the adoption of deficit targets. National governments should retain discretion in setting deviations from targets,...

Persistent link: https://www.econbiz.de/10001784210

Fiscal and monetary interaction : the role of asymmetries of the stability and growth pact in EMU

Governatori, Matteo; Eijffinger, Sylvester C. W. - 2004

Persistent link: https://www.econbiz.de/10002781818

Revisiting the stability and growth pact : grand desing or internal adjustment?

Buti, Marco; Eijffinger, Sylvester C. W.; Franco, Daniele - 2004

Persistent link: https://www.econbiz.de/10002781927

Labour market reform incentives in the European Economic and Monetary Union

Skak, Morten - 2004

Persistent link: https://www.econbiz.de/10002721269

Reforming the Stability and Growth Pact : breaking the ice

Mathieu, Catherine (contributor); … - 2003

Persistent link: https://www.econbiz.de/10002850303

Ranking fiscal policy rules : the golden rule of public finance vs. the Stability and Growth Pact

Creel, Jérôme (contributor) - 2003

Persistent link: https://www.econbiz.de/10002850315

Die Stabilitätsprogramme der EU : Anspruch und Wirklichkeit in den ersten vier Jahren der Europäischen Währungsunion

Sell, Friedrich L. - 2003

Finanzpolitik der EU-Mitgliedsstaaten gesammelt hat. Diese betreffen sowohl die Defizitobergrenze des Stabilitätspakts als auch die … einen neuen Policy Mix in der Euro-Zone organisieren hilft und zugleich das berühmte Zuordnungsproblem adäquat löst. Das … Wirksamkeit der automatischen Stabilisatoren der Finanzpolitik gerade im Konjunkturabschwung und verbessert zugleich die …

Persistent link: https://www.econbiz.de/10001790082

A strategy for EMU enlargement

Dąbrowski, Marek (contributor) - 2005 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002539564