Results 1 to 10 of about 1,650,561 (382)
The Roles of Fiscal Rules, Fiscal Councils and Fiscal Union in EU Integration [PDF]
SSRN Electronic Journal, 2015 EU-level fiscal rules have not been able to prevent the large-scale accumulation of government debt in many eurozone countries. One explanation was major flaws in the rules. Some of these flaws have now been corrected. But the failure of the rules depended also on fundamental problems of time inconsistency. The same time-inconsistency problems that the
Lars Calmfors
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Economic Theory, 2017 Before the advent of sophisticated international financial markets, the widely accepted belief was that within a monetary union, a union-wide authority orchestrating fiscal transfers between countries is necessary to provide adequate insurance against country-specific economic fluctuations. This belief prompts a question: Do sophisticated international
Patrick J. Kehoe, Elena Pastorino
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Fiscal harmonization and fiscal competition in European Union [PDF]
Ekonomski Pogledi, 2015 The fiscal system and fiscal policy represent important features of the national sovereignty of a country and an integral part of overall economicy policy.
Kalaš Branimir, Milošević Snežana
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Fiscal Policy and Fiscal Rules in the European Union [PDF]
SSRN Electronic Journal, 2005 This paper discusses the theory and practice of counter-cyclical fiscal policy to draw conclusions relevant for the fiscal architecture of the European Union. It starts by reviewing major lines of criticism on counter-cyclical fiscal policy, such as the existence of various lags, versions of Ricardian equivalence, non-Keynesian effects of fiscal ...
Vito Tanzi
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The effect of fiscal deficits on the external imbalances in the European Union [PDF]
Panoeconomicus, 2021 This paper analyzes the effect of the fiscal deficit on the current account deficit in the European Union during the period 1995-2018. The purpose is to examine to what extent an increase in government spending affects the deterioration of terms of trade
Josifidis Kosta +2 more
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CONSIDERATION REGARDING TO THE FISCAL REGULATIONS IN SOME EUROPEAN STATES [PDF]
Annals of the University of Oradea: Economic Science, 2010 It can be observed, that the member states of the European Union were guided to implement some reforms in the domain of fiscal politics, the aim of which would constitute in fighting and eliminating the damaging fiscal competition, of the differences ...
Ardeleanu-Popa Carmen, Cirmaciu Diana
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American Economic Review, 2012 We study cross-country insurance in a currency union with nominal price and wage rigidities. We provide two results that build the case for the creation of a fiscal union within a currency union. First, we show that, if financial markets are incomplete, the value of gaining access to any given level of insurance is greater for countries that are ...
Farhi, Emmanuel, Werning, Iván
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Fiscal aspects of the European monetary integration [PDF]
Zbornik Radova Pravnog Fakulteta u Nišu, 2014 Along with the introduction of the euro as a single currency, importance of respecting the fiscal aspects which determine longevity of the monetary arrangement is recognized.
Golubović Srđan
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Fiscal policies in the European Union during the crisis [PDF]
Panoeconomicus, 2015 The paper studies the fiscal policies implemented in the European Union countries since the beginning of the current crisis. With this aim in mind we have analyzed separately the expansionary fiscal policies implemented at the first stage of the
Ferreiro Jesús +2 more
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Political Economy of Fiscal Unions [PDF]
SSRN Electronic Journal, 2013 AbstractFiscal unions often use fiscal transfers to counter asymmetric shocks, but such transfers may be politically controversial. I present a model of a two-region fiscal union with region-specific shocks where the threat of secession imposes a limit on fiscal redistribution between regions.
Fidrmuc, J, Munich, C
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