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...

Descrizione completa

Dettagli Bibliografici
Autore principale: Arnold, Nathaniel
Altri autori: Barkbu, Bergljot, Ture, H. Elif, Wang, Hou
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2018.
Serie:Staff Discussion Notes; Staff Discussion Notes ; No. 2018/003
Accesso online:Full text available on IMF