Bénassy-Quéré, Agnès, Ragot, Xavier, Wolff, Guntram B., (2016), “Which fiscal union for the euro area?“, Bruegel Publications, Issue 2016/05, 18 Φεβρουαρίου.
At the current level of political and societal integration, a large federal budget is unrealistic in the euro area. The authors make three recommendations that would lead national fiscal policies to be more stabilising with respect to the economic cycle, while achieving long-term sustainability. They also recommend a move towards a European unemployment insurance scheme targeted at ‘large’ shocks, and a minimum set of labour-market harmonisation criteria.
Σχετικές Αναρτήσεις
- Sawicki, Dawid, (2015), “Rising inequality in the Eurozone underlines the need for a fiscal union”, LSE blog, 3 Ιουλίου.
- Allard, C., Brooks, P.K., Bluedorn, J.C., Bornhorst, F., Ohnsorge, F. and Christopherson Puh, K.M., (2013),“Toward A Fiscal Union for the Euro Area”, IMF Staff Discussion Note, SDN/13/09, Σεπτέμβριος.