Arbeitspapier

Fiscal stabilisation and EMU

This paper builds on the discussion paper published by HM Treasury in 2003 alongside the UK Government's assessment of the case for EMU entry. The paper considers the potential for fiscal policy to play a greater role in stabilisation policy if the UK were inside EMU. The paper considers: the scope for strengthening the automatic stabilisers and the possible tradeoffs; how institutional changes could increase the effectiveness of discretionary fiscal policy; which fiscal instruments might be the most effective; and to what extent stabilisation might be promoted in other ways, such as through enhanced risk sharing by financial markets.

Language
Englisch

Bibliographic citation
Series: CESifo Working Paper ; No. 1338

Classification
Wirtschaft
Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
Fiscal Policy
Subject
Finanzpolitik
Konjunkturpolitik
Europäische Wirtschafts- und Währungsunion
Eingebauter Stabilisator
Diskretionäre Politik
Grossbritannien

Event
Geistige Schöpfung
(who)
Woods, Robert
Event
Veröffentlichung
(who)
Center for Economic Studies and ifo Institute (CESifo)
(where)
Munich
(when)
2004

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Woods, Robert
  • Center for Economic Studies and ifo Institute (CESifo)

Time of origin

  • 2004

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