Does EMU need a fiscal federation
Does EMU need a fiscal federation
复制标题
欧洲货币联盟需要财政联盟吗
DOI：
10.1111/1468-0327.00031
复制
发表时间：
1998
期刊：
影响因子：
2.5
通讯作者：
Antonio Fatás
中科院分区：
文献类型：
--
作者：
Antonio Fatás
再分配与保险欧洲需要一个财政联盟吗？
美国联邦预算提供的稳定性被用作欧洲缺乏的调整机制的例子，而这是货币区可行所必需的。本文提出了四组结论，表明欧洲财政联盟的好处将是适度的。首先，我们表明，以前的一些估计的好处，美国联邦预算高估了数额的州际保险的一个因素3。其次，欧洲已经有了国家税收体系，根据我们的估计，这些体系可以为欧洲财政联盟提供50%以上的保险。第三，我们发现证据表明，欧洲财政联盟的潜在保险利益随着时间的推移而减少。第四，联邦制提供的福利在各国之间存在很大差异。我们的结论是，通过建立一个欧洲财政联盟来提供区域间保险的潜力太小，无法弥补与其设计和实施相关的许多问题。
- 安东尼奥·法塔斯
Redistribution vs insurance Does Europe need a fiscal federation?
The stabilization provided by the US federal budget has been used as an example of the adjustment mechanisms that are lacking in Europe and which are needed to make a currency area viable. This paper presents four sets of .ndings that suggest that the benefits of a European fiscal federation would be modest. First, we show that some of the previous estimates of the benefits of the US federal budget overestimate the amount of interstate insurance by a factor of 3. Second, Europe already has national tax systems which, according to our estimates, can insure more than 50% of a European fiscal federation. Third, we .nd evidence that the potential insurance benefits of a European fiscal federation have decreased over time. Fourth, there are large cross-country differences in the benefits provided by federation. We conclude that the potential to provide interregional insurance by creating a European fiscal federation is too small to compensate for the many problems associated with its design and implementation.
— Antonio Fatas