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Which fiscal union for the euro area? Bruegel Policy Contribution ISSUE 2016/05, February 2016

Bénassy-Quéré, Agnès and Ragot, Xavier and Wolff, Guntram B. (2016) Which fiscal union for the euro area? Bruegel Policy Contribution ISSUE 2016/05, February 2016. [Policy Paper]

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    Abstract

    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.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > fiscal policy
    EU policies and themes > Policies & related activities > employment/labour market > employment/unemployment
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Contributions
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 18 Feb 2016 09:43
    Number of Pages: 17
    Last Modified: 18 Feb 2016 09:43
    URI: http://aei.pitt.edu/id/eprint/72338

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