| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5068596 | European Journal of Political Economy | 2009 | 4 Pages |
Abstract
It is widely assumed that a common currency makes it desirable to have also a common fiscal policy. However, if fiscal policy is a source of shocks, independent national fiscal policies are generally preferable because they allow risk diversification.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ansgar Belke, Daniel Gros,