@techreport{Woods2004Fiscal,
abstract = {This paper builds on the discussion paper published by HM Treasury in 2003 alongside the
UK Government?s assessment of the case for EMU entry. The paper considers the potential
for fiscal policy to play a greater role in stabilisation policy if the UK were inside EMU. The
paper considers: the scope for strengthening the automatic stabilisers and the possible tradeoffs;
how institutional changes could increase the effectiveness of discretionary fiscal policy;
which fiscal instruments might be the most effective; and to what extent stabilisation might be
promoted in other ways, such as through enhanced risk sharing by financial markets.},
author = {Robert Woods},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E63; E62; 330; Finanzpolitik; Konjunkturpolitik; Europ\"{a}ische Wirtschafts- und W\"{a}hrungsunion; Eingebauter Stabilisator; Diskretion\"{a}re Politik; Grossbritannien},
language = {eng},
number = {1338},
title = {Fiscal stabilisation and EMU},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/18702},
year = {2004}
}
