Fiscal Federalism in Europe : Is it a Necessary Precondition for a Successful European Economic and Monetary Integration?

Is it a Necessary Precondition for a Successful European Economic and Monetary Integration?

Fiscal Federalism in Europe : Is it a Necessary Precondition for a Successful European Economic and Monetary Integration?
An important question in the process of European integration concerns the best institutional level for stabilization policies. The theory of fiscal federalism gives criteria for evaluating if fiscal stabilization policies should take place on a centralized or on a decentralized level. This paper firstly discusses the usefulness of such policies.... READ MORE...

Publication date: June 1994
ISBN 9781451849523
$15.00

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