Browsing RSCAS Working Papers by Subject "E62"

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Browsing RSCAS Working Papers by Subject "E62"

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    Title: A Volatility-based Theory of Fiscal Union Formation  Author(s): LUQUE, Jaime; MORELLI, Massimo; TAVARES, José Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: In a setting where heterogeneous jurisdictions share a common policy, an increase in volatility breaks unanimous support for the status-quo and may prompt a subset of jurisdictions to favor either deepening the agreement ...
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    Title: Debt Consolidation and Fiscal Stabilization of Deep Recessions  Author(s): CORSETTI, Giancarlo; KUESTER, Keith; MEIER, André; MÜLLER, Gernot J. Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: The global financial crisis of 2008–09 has sent public debt on sharply higher trajectories. With the economic recovery gradually taking hold, the focus is now shifting to fiscal “exit” strategies. Medium-term ...