Resource title

Fiscal stabilisation and EMU

Resource image

image for OpenScout resource :: Fiscal stabilisation and EMU

Resource description

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.

Resource author

Robert Woods

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/18702

Resource license

Adapt according to the presented license agreement and reference the original author.