Fiscal Policy Coordination in Europe
Fiscal Policy Coordination in Europe
复制标题
欧洲财政政策协调
DOI：
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复制
发表时间：
2010
期刊：
影响因子：
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通讯作者：
Lars Calmfors
中科院分区：
文献类型：
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作者：
Lars Calmfors
A fundamental overhaul of EU economic governance is needed. The most important reform is a strengthening of national fiscal frameworks, including the establishment of independent fiscal watchdogs in Member States that do not yet have such institutions. At the European level, a permanent crisis resolution mechanism should be integrated with both broader macroeconomic surveillance and the sanction system. An independent European fiscal council could, based on macroeconomic risk considerations, decide in advance appropriate haircuts in the event of future sovereign debt restructuring.
