Toward A Fiscal Union for the Euro Area

Céline Allard, Petya Brooks, John Bluedorn, Fabian Bornhorst, Franziska Ohnsorge and Katharine Christopherson Puh

No 2013/009, IMF Staff Discussion Notes from International Monetary Fund

Abstract: This is on a highly topical issue and addresses a key policy issue for Europe—namely, reinforcing EMU institutional architecture along with the Banking Union. Some proposals have emerged in Europe, and it will be important to put out staff views on this issue. In that context, publication as an SDN is appropriate, given the high profile nature and relevance of the topic—much like the Banking Union paper done a few months ago.

Keywords: SDN; Euro area; federal government; area member; area level; area entity; area imbalance; area periphery; area resolution fund; area Unemployment Fund; Euro area entity; Euro area stabilization fund; growth shock; Fiscal Union; Fiscal Integration; Fiscal Federalism; Fiscal Governance; Risk Sharing; area country; resolution fund; area budget; Area country; Euro area leader; market discipline; Area bank; Fiscal rules; Budget planning and preparation; Europe (search for similar items in EconPapers)
Pages: 28
Date: 2013-09-25
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Citations: View citations in EconPapers (16)

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