Results 21 to 30 of about 1,650,561 (382)
Fiscal Devaluation in a Monetary Union [PDF]
IMF Economic Review, 2013 Between 1999 and the onset of the economic crisis in 2008 real exchange rates in Greece, Ireland, Italy, Portugal and Spain appreciated relative to the rest of the euro area. This divergence in competitiveness was reflected in the emergence of current account imbalances. Given that exchange rate devaluations are no longer available in a monetary union,
Engler, Philipp +3 more
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An American Model for Europe? Tax Policy and Federalism in the United States
Revue LISA, 2015 By requiring fiscal contraction in nations facing high and rising unemployment, the economic crisis in the Eurozone has renewed interest in establishing a European fiscal union to match monetary union so that a federal treasury could support countries in
Gerald Friedman
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National fiscal rules and fiscal discipline in the European Union
Applied Economics, 2021 Motivated by the fiscal imbalances in the EU countries in the recent period, this paper analyzes the effect of national fiscal rules on fiscal discipline.
A. Barbier-Gauchard +2 more
semanticscholar +1 more source
Thoughts on a Fiscal Union in EMU
German economic review, 2019 Using an estimated large-scale New Keynesian model, we assess the consequences of introducing a fiscal union within EMU. We differentiate between three different scenarios: public revenue equalisation, tax harmonisation and a centralised fiscal authority.
Niklas Gadatsch +2 more
semanticscholar +1 more source
Efficient Fiscal Spending by Supranational Unions [PDF]
SSRN Electronic Journal, 2012 We use a novel approach to address the question of whether a union of sovereign countries can efficiently raise and allocate a budget, even when members are purely self-interested and participation is voluntary. The main innovation of our model is to explore the link between budget contributions and allocation that arises when countries bargain over ...
Simon, Jenny, Valasek, Justin
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Poredbeno Pomorsko Pravo, 2022 The paper analyses the decisions and stands taken by European Union institutions (the General Court and the European Commission) regarding the issue of whether corporate tax exemptions or reductions for profit generated by the provision of economic ...
Božena Bulum
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Monetary Union and Fiscal Federalism [PDF]
, 2001 Does a monetary union need fiscal shock absorbers helping the participating countries to cope with asymmetric shocks? The consensus in the debate over EMU argues that the answer is yes. In this paper, we revisit the issue, building on a dynamic, general equilibrium framework of regions in a monetary union exposed to asymmetric shocks.
Kletzer, Kenneth M., von Hagen, Jürgen
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The role of the European Fiscal Board in the EU fiscal system [PDF]
Zbornik Radova Pravnog Fakulteta u Nišu, 2019 The financial crisis, which culminated in the course of 2008, revealed all the shortcomings of the institutional framework of the European Economic and Monetary Union.
Golubović Srđan
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Revenue for EMU: A Contribution to the Debate on Fiscal Union
Social Science Research Network, 2016 In the wake of the euro area crisis, the debate on instruments to deepen economic integration among its members has intensified, among others putting forward a fiscal stabilization capacity for EMU members.
Anna Iara
semanticscholar +1 more source
Fiscal Challenges in Multilayered Unions: An Overview and Case Study
Social Sciences, 2015 This paper reviews recent research dealing with fiscal discipline and revisit the issues of fiscal control in federal systems, focusing on selective case studies covering the 2000s, before and after the global financial crisis (GFC).
Joshua Aizenman, Gunnar Gunnarsson
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