Fiscal Integration and Growth Stimulation in Europe (notice n° 546825)
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| fixed length control field | 02738cam a2200253 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121114340.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Drèze, Jacques |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Fiscal Integration and Growth Stimulation in Europe |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2014.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 21 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Dans le cadre de la crise frappant aujourd’hui les dettes souveraines, le défaut d’intégration économique dans l’Union Économique et Monétaire (UEM) ressort clairement et nourrit un débat intense parmi les chercheurs et les responsables politiques. Le débat concerne surtout la discipline budgétaire et les politiques d’austérité, qui pèsent toutes deux sur les perspectives de croissance. Dans cet article, nous évaluons les principaux défauts structurels de l’UEM à la lumière de la théorie de l’équilibre général. Nous reprenons deux questions centrales pour la stabilité de l’UEM : la répartition internationale des risques macroéconomiques et la coordination des politiques de stimulation de la croissance. Nous proposons : (A) un schéma spécifique d’assurance mutuelle des risques macroéconomiques ; (B) le transfert au niveau UEM de la conduite des politiques de demande, avec comme instrument des programmes ambitieux d’investissements (publics, ou privés mais budgétairement neutres). Classification JEL : E24, E63, H63. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | With the current sovereign debt crisis, the incompleteness of economic integration in the Economic and Monetary Union (EMU) has become patent, leading to an intense debate among academics and policy makers. Much of the debate concerns fiscal rules and austerity measures, both of which weigh on growth prospects. In this paper we look at the main structural shortcomings of EMU through the lens of general equilibrium theory. We address two issues (international sharing of macroeconomic risks and coordinated growth stimulation) which are at the heart of the sustainability of EMU. We propose : (A) a specific scheme for mutual insurance of macroeconomic risks ; (B) locating responsibility for demand policies at the EMU level, with ambitious investment programs (public, or fiscally-neutral private) as main instrument. JEL Classification : E24, E63, H63. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | risk sharing |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | general equilibrium model |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | indexed bonds |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | growth stimulation |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | fiscal integration |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Durré, Alain |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Carpantier, Jean-François |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Recherches économiques de Louvain | 80 | 2 | 2014-06-09 | p. 5-45 | 0770-4518 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-recherches-economiques-de-louvain-2014-2-page-5?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-recherches-economiques-de-louvain-2014-2-page-5?lang=en&redirect-ssocas=7080</a> |
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