A Central Fiscal Stabilization Capacity for the Euro Area

A Central Fiscal Stabilization Capacity for the Euro Area
This note outlines a concrete proposal for a euro area central fiscal capacity (CFC) that could help smooth both country-specific and common shocks. Specifically, it proposes a macroeconomic stabilization fund financed by annual contributions from countries that are used to build up assets in good times and make transfers to countries in bad... READ MORE...

Publication date: March 2018
ISBN 9781484348208
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Publication date: March 2018

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