A Central Fiscal Stabilization Capacity for the Euro Area /

This note outlines a concrete proposal for a euro area central fiscal capacity (CFC) that could help smooth both country-specific and common shocks. Specifically, it proposes a macroeconomic stabilization fund financed by annual contributions from countries that are used to build up assets in good t...

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Detalles Bibliográficos
Autor principal: Arnold, Nathaniel
Otros Autores: Barkbu, Bergljot, Ture, H. Elif, Wang, Hou
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2018.
Colección:Staff Discussion Notes; Staff Discussion Notes ; No. 2018/003
Acceso en línea:Full text available on IMF