The euro area crisis: need for a supranational fiscal risk sharing mechanism?

DOI10.1007/S11079-015-9347-YzbMath1412.91152OpenAlexW3125242852MaRDI QIDQ2416136

Aleksandra Zdzienicka, Davide Furceri

Publication date: 23 May 2019

Published in: Open Economies Review (Search for Journal in Brave)

Full work available at URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40964

zbMATH Keywords

consumption smoothing channelsfiscal unionrisk sharing mechanisms

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (4)

50 years of capital mobility in the eurozone: breaking the Feldstein-Horioka puzzle ⋮ EMU stability: direct and indirect risk sharing ⋮ Fiscal stabilization in the United States: lessons for monetary unions ⋮ Making the Eurozone work: a risk-sharing reform of the European stability mechanism

Uses Software

• Stata
• xtabond2

Cites Work

• Convergence of EMU equity portfolios
• Federal Fiscal Constitutions: Risk Sharing and Moral Hazard
• Business Cycles and the Asset Structure of Foreign Trade
• Are Output Fluctuations Transitory?

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