Demertzis, Maria, B. Wolff, Guntram, (2016), “What are the prerequisites for a euro-area fiscal capacity?”, Bruegel Policy Contribution Issue n˚14, 9 September
A monetary union without fiscal union is generally considered to be incomplete. We consider three steps for increasing the centralisation of fiscal functions, and discuss the prerequisites for moving forward at each one. Above all, fiscal integration is a matter of trust, which is currently at a low level.
Relevant Posts
- Allard, Céline, Bluedorn, John C, (2016), “Towards a fiscal union for the Eurozone”, Voxeu, 22 April
- Bénassy-Quéré, Agnès, Ragot, Xavier, Wolff, Guntram B., (2016), “Which fiscal union for the euro area?”, Bruegel Publications, Issue 2016/05, 18 February.