Tag Archives: European Fiscal Union

(European) Debt Mutualisation: Lessons from the USA

This post considers events in the history of the United Stated (USA) that involved the bailing out of state governments by the (newly created) federal government. This considerations are made because of their value as a template for  a reform … Continue reading

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On Fiscal Multipliers – General Case and The Eurozone

Although famous structural reforms are on the agenda of the growth debate, attention has returned to the benefits of counter-cyclical fiscal policy during a crisis. This post focuses on this issue, its mechanics and how it can best be pursued … Continue reading

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