Is a Fiscal Union Necessary in Europe?
Type de matériel :
TexteLangue : français Détails de publication : 2013.
Ressources en ligne : Abrégé : The current difficulties of the Eurozone reopen the debate around its governance and the necessity of a fiscal union, that is, a set of collective fiscal laws in Europe. In this paper, we clarify that the European Union is already a fiscal union. We establish a simple typology of fiscal unions and we emphasize a crucial dilemma between idiosyncratic shocks and opportunistic behavior. We analyze the main shortcomings of the current European monetary construction and we offer five fundamental principles upon which a sound fiscal union can be established in Europe, ensuring the viability of the Euro.JEL Classification JEL: E61, F33, F42, H77.
Nous n'avons pas d'exemplaire de ce document
84
The current difficulties of the Eurozone reopen the debate around its governance and the necessity of a fiscal union, that is, a set of collective fiscal laws in Europe. In this paper, we clarify that the European Union is already a fiscal union. We establish a simple typology of fiscal unions and we emphasize a crucial dilemma between idiosyncratic shocks and opportunistic behavior. We analyze the main shortcomings of the current European monetary construction and we offer five fundamental principles upon which a sound fiscal union can be established in Europe, ensuring the viability of the Euro.JEL Classification JEL: E61, F33, F42, H77.
Réseaux sociaux