This is the first paper that assesses the importance of different stabilization channels of an
unemployment insurance system for the euro area (EA). We provide insights into the …

“A Community fiscal stabilisation policy is a key element in any programme for European
monetary integration.” This sentence, taken out of the MacDougall report that the …

Abstract The Great Recession and the resulting European debt crisis revived a debate about
deeper fiscal integration in the Eurozone. We discuss different alternatives how an …

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 …

The 2008-09 crisis has shown that some euro area member countries were unable to
sufficiently stabilize their economies which has given rise to a debate about deeper fiscal …

A European unemployment insurance scheme has gained increased attention as a new and
ambitious common fiscal instrument which could be used for temporary cross-country …

In this paper, we incorporate a transfer mechanism into a DSGE model with a rich fiscal
sector to assess the effectiveness of fiscal transfers for a monetary union, in particular for the …

摘要本文建立了一个价格和工资均为粘性的两区域新凯恩斯模型, 研究一国不同区域间的最优
转移支付规则. 本文发现最优规则应以消除区域间的产出缺口差为目标. 福利分析表明 …

A European unemployment insurance scheme has gained increased attention as a new and
ambitious common fiscal instrument which could be used for temporary cross-country …

Chapter 6 deals with fiscal policies in a monetary union, including those of a federal
Treasury. The macroeconomic impacts of national or union-wide fiscal measures are …