Risk-sharing e architettura istituzionale delle politiche di stabilizzazione nell'UME: aspetti metodologici e verifica empirica
AbstractQuesto lavoro analizza l’efficacia relativa di due possibili contesti di riferimento della futura azione di politica economica in ambito europeo in termini di obiettivi di stabilizzazione: il primo, caratterizzato dall’attuale architettura istituzionale e il secondo, da un sistema fiscale di tipo federale, o da un forte coordinamento delle politiche fiscali. Ciò allo scopo di evidenziare differenze tra i due schemi e fornire valide indicazioni di politica economica che siano supportate dall’analisi empirica. I risultati mostrano che il secondo schema assorbe perfettamente eventuali shock, mentre il primo non assorbe una quota di shock che varia tra il 51% ed il 73%.
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Bibliographic InfoArticle provided by SIPI Spa in its journal Rivista di Politica Economica.
Volume (Year): 92 (2002)
Issue (Month): 6 (November-December)
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Find related papers by JEL classification:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
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