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
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Woods, Robert
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2004
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