A policymaker’s guide to a Euro area stabilization fund
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| Název: | A policymaker’s guide to a Euro area stabilization fund |
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| Autoři: | Florence Huart, Etienne Farvaque |
| Přispěvatelé: | Boisselet, Romain, Lille économie management - UMR 9221 (LEM), Université d'Artois (UA)-Université catholique de Lille (UCL)-Université de Lille-Centre National de la Recherche Scientifique (CNRS), Economie Quantitative, Intégration, Politiques Publiques et Econométrie (EQUIPPE), Université de Lille, Sciences et Technologies-Université de Lille, Sciences Humaines et Sociales-PRES Université Lille Nord de France-Université de Lille, Droit et Santé |
| Zdroj: | Economia Politica. 34:11-30 |
| Informace o vydavateli: | Springer Science and Business Media LLC, 2016. |
| Rok vydání: | 2016 |
| Témata: | Stabilization effects, Fiscal federalism, 0502 economics and business, 05 social sciences, 1. No poverty, Federal transfers, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, European integration, Fiscal union, [SHS.ECO] Humanities and Social Sciences/Economics and Finance |
| Popis: | In 2012, several reports were published advocating the creation of a genuine fiscal capacity at the European level, to strengthen the foundations of the Economic and Monetary Union (EMU) by helping member countries to adjust to asymmetric shocks. The design of a common stabilization fund should be well thought, though: what would be stabilized? When would transfers be paid? Would they be directed towards governments or individuals? How would they be financed? And would they help stabilize economies? We address these questions by outlining recent existing proposals, their features and their simulated stabilization effects. We finally underline the difficulties in implementing such a scheme. |
| Druh dokumentu: | Article |
| Jazyk: | English |
| ISSN: | 1973-820X 1120-2890 |
| DOI: | 10.1007/s40888-016-0038-y |
| Přístupová URL adresa: | https://ideas.repec.org/a/spr/epolit/v34y2017i1d10.1007_s40888-016-0038-y.html https://econpapers.repec.org/RePEc:spr:epolit:v:34:y:2017:i:1:d:10.1007_s40888-016-0038-y https://socionet.ru/publication.xml?h=repec:spr:epolit:v:34:y:2017:i:1:d:10.1007_s40888-016-0038-y https://rd.springer.com/article/10.1007/s40888-016-0038-y https://link.springer.com/article/10.1007/s40888-016-0038-y https://hal.archives-ouvertes.fr/hal-01526022 https://hal.science/hal-01526022v1 https://doi.org/10.1007/s40888-016-0038-y |
| Rights: | Springer TDM |
| Přístupové číslo: | edsair.doi.dedup.....bccbf5d0ae63cb81ea6f1520ea98905a |
| Databáze: | OpenAIRE |
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Nájsť tento článok vo Web of Science | Abstrakt: | In 2012, several reports were published advocating the creation of a genuine fiscal capacity at the European level, to strengthen the foundations of the Economic and Monetary Union (EMU) by helping member countries to adjust to asymmetric shocks. The design of a common stabilization fund should be well thought, though: what would be stabilized? When would transfers be paid? Would they be directed towards governments or individuals? How would they be financed? And would they help stabilize economies? We address these questions by outlining recent existing proposals, their features and their simulated stabilization effects. We finally underline the difficulties in implementing such a scheme. |
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| ISSN: | 1973820X 11202890 |
| DOI: | 10.1007/s40888-016-0038-y |