A Central Fiscal Stabilization Capacity For The Euro Area
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Type: BOOK - Published: 2018-03-26 - Publisher: International Monetary Fund
This note outlines a concrete proposal for a euro area central fiscal capacity (CFC) that could help smooth both country-specific and common shocks. Specificall
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The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady
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We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real conv
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Type: BOOK - Published: 2014-03-01 - Publisher: Verlag Bertelsmann Stiftung
The recent euro crisis and the dramatic increase of unemployment in some euro countries have triggered a renewed interest in a fiscal capacity for the European
Language: en
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Two main themes of the book are that (1) politics can distort optimal fiscal policy through elections and through political fragmentation, and (2) rules and ins