May 27, 2019

A budgetary stabilisation function

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Since the aftermath of the euro crisis, there is policy debate about how to better absorb economic shocks in the euro zone. This policy brief analyses a budgetary stabilisation mechanism for the euro zone.  It also analyses the necessity and efficiency of budgetary stabilisation mechanism. According to CPB there is no evidence to suggest that the survival of the euro would depend on a budgetary stabilisation mechanism. But although not vitally important, a budgetary stabilisation mechanism may increase welfare.  


Foto Bert Smid
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