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dc.contributor.authorWoods, Roberten_US
dc.description.abstractThis 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.en_US
dc.publisherCenter for Economic Studies and Ifo Institute (CESifo) Munichen_US
dc.relation.ispartofseriesCESifo working papers 1338en_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwEingebauter Stabilisatoren_US
dc.subject.stwDiskretionäre Politiken_US
dc.titleFiscal stabilisation and EMUen_US
dc.typeWorking Paperen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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