Fiscal Policy and Growth in the Context of European Integration
AbstractThe paper considers the issue of whether a supranational fiscal policy in Europe is needed, and, if so, what responsibilities it should undertake. The literature on endogenous growth and the principle of subsidiarity suggest that such a policy should be limited to externalities or economies of scale not captured at the national level. These may include spending on research and development and transportation or knowledge networks, and harmonization of social security designed to enhance labor mobility. EU-wide stabilization policy or enhanced EU redistribution does not seem justified, however.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 00/133.
Date of creation: 01 Jul 2000
Date of revision:
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Postal: International Monetary Fund, Washington, DC USA
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Other versions of this item:
- Masson, P., 2000. "Fiscal Policy and Growth in the Context of European Integration," Papers 7, Warwick - Development Economics Research Centre.
- Paul Masson, 2000. "Fiscal policy and growth in the context of European integration," Working Paper Research 07, National Bank of Belgium.
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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- Alberto Majocchi, 2008. "Theories of fiscal federalism and the European experience," ISAE Working Papers 100, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
- Vratislav Izák, 2011. "The Welfare State and Economic Growth," Prague Economic Papers, University of Economics, Prague, vol. 2011(4), pages 291-308.
- Fritz Breuss, 2001. "Towards a Political Economy of Zero Budgeting in Austria," Empirica, Springer, vol. 28(1), pages 41-67, March.
- Hefeker, Carsten, 2003. "Ressourcenverteilung in der EU : eine polit-ökonomische Perspektive," HWWA Discussion Papers 252, Hamburg Institute of International Economics (HWWA).
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