Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/130419 
Authors: 
Year of Publication: 
2016
Series/Report no.: 
CESifo Working Paper No. 5794
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
In the wake of the euro area crisis, the debate on instruments to deepen economic integration among its members has intensified, among others putting forward a fiscal stabilization capacity for EMU members. Contributions made so far to further this idea have mostly concentrated on the expenditure side and possible stabilisation properties. This analysis reviews the most important proposals and discusses design choices and institutional conditions to develop the revenue side of such a fiscal instrument.
Subjects: 
European Union
EMU
fiscal federalism
fiscal integration
EU budget
JEL: 
H29
H77
H87
Document Type: 
Working Paper
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