Results 11 to 20 of about 1,650,561 (382)
Governance of the Euro Area: Fiscal Union, Debt Union, Fiscal Freedom [PDF]
Wirtschaftsdienst, 2014 Over the past three years, as the euro area has struggled with high levels of sovereign debt, it has been gradually developing into a debt union. However, this is not a sustainable arrangement. This article proposes two alternatives to a debt union — a fiscal union and a monetary union with fiscal freedom — and evaluates the pros and cons of each ...
J. Hagen
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Tax systems and public borrowing limits in a fiscal union. [PDF]
Int Tax Public Financ, 2023 This paper compares the implications of tax system and public borrowing limit asymmetries for the welfare cost of business cycles and interregional consumption risk sharing in a two-region fiscal union.
Dashkeev VV, Turnovsky SJ.
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Fiscal Federalism: US History for Architects of Europe's Fiscal Union [PDF]
SSRN Electronic Journal, 2012 European debates on reform of euro-area fiscal governance frequently refer to fiscal federalism in the United States. In light of the ‘fiscal compact’, agreed by the European Council in 2011, this volume reviews US fiscal federalism from Alexander Hamilton to the present.
C. Randall Henning, Martin Kessler
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Stay-at-Home Orders in a Fiscal Union
Social Science Research Network, 2020 State and local governments throughout the United States attempted to mitigate the spread of Covid-19 using stay-at-home orders to limit social interactions and mobility.
Mario J. Crucini, Oscar O'Flaherty
semanticscholar +1 more source
Journal of Common Market Studies, 2021 The Covid-19 pandemic could not have started worse for the EU (Herszenhorn and Wheaton, 2020). In late February 2020, Italy requested supplies of medical equipment from other member states under the EU’s crisis response programme, the Civil Protection ...
Waltraud Schelkle
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Unsustainable public debt in a european fiscal union?
Revista Finanzas y Política Económica, 2017 Some EU members faced years of crisis in the first half of the 2010s with an excessive initial public debt, but several others had broad room for fiscal stimulus. However, the prolonged duration of the European economic depression expended public budgets,
Gábor Kutasi
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Monetary Union without Fiscal Union? The Euro Crisis and the Move Towards European Fiscal Union [PDF]
New Perspectives on Political Economy, 2015 This paper examines the European Monetary Union (EMU) and the euro crisis through the lens of a robust political economy. Based on the history of monetary unions, monetary union is unlikely to survive without a fiscal union or strong constitutional constraints. The EMU has neither, and its institutional structure makes it unsustainable.
SPIGARELLI, Francesca, Wenzel, Nikolai
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, 2022 AbstractEconomic and monetary union is incomplete, not least because there is no common fiscal policy and the European Central Bank is not the lender of last resort. The EU’s supervisory machinery introduced after the financial crash is due for an overhaul.
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Nein to ‘Transfer Union’: the German brake on the construction of a European Union fiscal capacity
, 2021 This paper argues that, on the development of European Union (EU)/Eurozone fiscal capacity German governments have consistently engaged in foot-dragging.
D. Howarth, J. Schild
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Specificity of Fiscal Policy in the Monetary Union
Acta Economica, 2018 The condition of the optimal currency area as a theoretical basis of the monetary integration considers the harmonization of the fiscal and monetary policy crucial in achieving the efficient functioning of the monetary union.
Branka Topić-Pavković
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