IDEAS home Printed from https://ideas.repec.org/a/spr/intere/v47y2012i4p230-239.html
   My bibliography  Save this article

The European Redemption Pact: Implementation and macroeconomic effects

Author

Listed:
  • Hasan Doluca
  • Malte Hübner
  • Dominik Rumpf
  • Benjamin Weigert

Abstract

One possible solution to the sovereign debt crisis is the European Redemption Pact (ERP) proposed by the German Council of Economic Experts. The ERP provides sustainable financing conditions for participating sovereigns to facilitate bringing public debt ratios below the reference value of 60% within the next 20 to 25 years. In this paper, we describe one possible way of implementing the ERP and analyse the fiscal effects of participating in the ERP. The macroeconomic impact of the proposal is illustrated with the multi-country model NiGEM. Copyright ZBW and Springer-Verlag 2012

Suggested Citation

  • Hasan Doluca & Malte Hübner & Dominik Rumpf & Benjamin Weigert, 2012. "The European Redemption Pact: Implementation and macroeconomic effects," Intereconomics: Review of European Economic Policy, Springer;German National Library of Economics;Centre for European Policy Studies (CEPS), vol. 47(4), pages 230-239, July.
  • Handle: RePEc:spr:intere:v:47:y:2012:i:4:p:230-239
    DOI: 10.1007/s10272-012-0423-x
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10272-012-0423-x
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christoph Schmidt & Benjamin Weigert, 2013. "Weathering the crisis and beyond: perspectives for the Euro area," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(4), pages 564-595, August.
    2. Claudia M. Buch & Tobias Körner & Benjamin Weigert, 2015. "Towards Deeper Financial Integration in Europe: What the Banking Union Can Contribute," Credit and Capital Markets, Credit and Capital Markets, vol. 48(1), pages 11-49.
    3. repec:pra:mprapa:42873 is not listed on IDEAS
    4. Michaela Ševčíková, 2014. "Proposals And Selected Measures Of European Union How To Deal With Financial And Debt Crisis," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 8(1), pages 1083-1096.
    5. repec:spo:wpecon:info:hdl:2441/f6h8764enu2lskk9p503i2pp3 is not listed on IDEAS
    6. Catherine Mathieu & Henri Sterdyniak, 2014. "Redemption?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 51-91.
    7. Carmelo Pierpaolo Parello & Vincenzo Visco, 2012. "The European Redemption Fund: A Comparison of Two Proposals," Politica economica, Società editrice il Mulino, issue 3, pages 273-306.
    8. Christoph M. Schmidt & Benjammin Weigert, 2013. "Weathering the Crisis and Beyond: Perspectives for the Euro Area," Ruhr Economic Papers 0409, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
    9. Catherine Mathieu & Henri Sterdyniak, 2014. "In search of a better governance in the euro area," Post-Print hal-01053901, HAL.
    10. repec:zbw:rwirep:0409 is not listed on IDEAS
    11. Bofinger, Peter & Buch, Claudia M. & Feld, Lars P. & Franz, Wolfgang & Schmidt, Christoph M., 2012. "Vom Binnenmarkt zur Bankenunion: Ein Vorschlag des Sachverständigenrates zur Begutachtung der gesamtwirtschaftlichen Entwicklung," Working Papers 09/2012, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:intere:v:47:y:2012:i:4:p:230-239. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.springer.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.