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48 p, 443.2 KB Fiscal unions redux / Kehoe, Patrick J. ; Pastorino, Elena
Before the advent of sophisticated international financial markets, the widely accepted belief was that within a monetary union, a union-wide authority orchestrating fiscal transfers between countries is necessary to provide adequate insurance against country-specific economic fluctuations. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

Universitat Pompeu Fabra 2015 (Ademu Working Papers Series ; 12)  

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