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Is the Euro serving European public goods ? Written evidence for the Euro's Progress - Inquiry into some issues related to the Euro zone


  • Jean-Paul Fitoussi

    () (OFCE - OFCE - Sciences Po)

  • Eloi Laurent

    () (OFCE - OFCE - Sciences Po)


The European Union (EU) should aim at providing European citizens with European public goods. In a pseudo-federal system like the EU, political deliberation should be about how to finance and produce the public goods that benefit all European citizens, and not only member states individually. Sustainable development is the typical example of a European public good, but there are many others, some of which belong to the economic policy domain: macroeconomic stability, full employment, social integration, (...).

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  • Jean-Paul Fitoussi & Eloi Laurent, 2007. "Is the Euro serving European public goods ? Written evidence for the Euro's Progress - Inquiry into some issues related to the Euro zone," Working Papers hal-01063758, HAL.
  • Handle: RePEc:hal:wpaper:hal-01063758
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    References listed on IDEAS

    1. Barro, Robert J, 1989. "The Ricardian Approach to Budget Deficits," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 37-54, Spring.
    2. Hansen, Gary D., 1985. "Indivisible labor and the business cycle," Journal of Monetary Economics, Elsevier, vol. 16(3), pages 309-327, November.
    3. Barro, Robert J, 1981. "Output Effects of Government Purchases," Journal of Political Economy, University of Chicago Press, vol. 89(6), pages 1086-1121, December.
    4. Aschauer, David Alan, 1988. "The Equilibrium Approach to Fiscal Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(1), pages 41-62, February.
    5. Baxter, Marianne & King, Robert G, 1993. "Fiscal Policy in General Equilibrium," American Economic Review, American Economic Association, vol. 83(3), pages 315-334, June.
    6. Ramey, Valerie A. & Shapiro, Matthew D., 1998. "Costly capital reallocation and the effects of government spending," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 48(1), pages 145-194, June.
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