Publication: On the insurance function of fiscal policy in a monetary union
Consultable a partir de
Date
2000
Director
Publisher
Acceso abierto / Sarbide irekia
Documento de trabajo / Lan gaia
Project identifier
Abstract
In this paper we first review the available literature on the degree of insurance against shocks, provided by the central budget in the federal systems already existing. Next, we discuss the main points raised on the debate about the implementation of an automatic mechanism designed to cope with country-specific shocks in a monetary union, and present a specific proposal of such a mechanism.
Keywords
Monetary union, Fiscal federalism, Insurance function
Department
Economía / Ekonomia
Faculty/School
Degree
Doctorate program
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Funding entities
CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)
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