Demertzis, Maria and Wolff, Guntram B. (2016) What are the prerequisites for a euro-area fiscal capacity? Bruegel Policy Contribution Issue n˚14 | 2016. [Policy Paper]
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Official URL: http://bruegel.org/2016/09/what-are-the-prerequisi...
Abstract
In this Policy Contribution, Maria Demertzsis and Guntram B. Wolff discuss three progressive steps for strengthening the fiscal framework at the euro-area level. These lead to less interference in national fiscal policymaking thanks to a more credible no-bailout clause, increased risk sharing and different degrees of provision of euro-area-wide public goods and fiscal stabilisation.
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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 |
| 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: | 27 Sep 2016 11:10 |
| Number of Pages: | 11 |
| Last Modified: | 27 Sep 2016 11:10 |
| URI: | http://aei.pitt.edu/id/eprint/80019 |
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