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Macroeconomic stability of the euro area: Fiscal policy and risk-sharing mechanisms as stabilization tools for the Eurozone

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Levoisin, Laura ULiège
Promotor(s) : Artige, Lionel ULiège
Date of defense : 21-Aug-2017 • Permalink : http://hdl.handle.net/2268.2/3602
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Title : Macroeconomic stability of the euro area: Fiscal policy and risk-sharing mechanisms as stabilization tools for the Eurozone
Author : Levoisin, Laura ULiège
Date of defense  : 21-Aug-2017
Advisor(s) : Artige, Lionel ULiège
Committee's member(s) : Burghof, Hans-Peter 
Lejeune, Thomas 
Language : English
Number of pages : 66
Keywords : [en] Macroeconomic instability
[en] Eurozone
[en] Imbalances
[en] Fiscal and monetary policy
[en] Risk-sharing
[en] Euro area budget
[en] Unemployment insurance scheme
Discipline(s) : Business & economic sciences > Macroeconomics & monetary economics
Business & economic sciences > International economics
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences économiques,orientation générale, à finalité spécialisée en Economics and Finance
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège

Abstract

[en] The first aim of the Eurozone creation was to guarantee the stability, the convergence and the co-operation of the member states. However, important divergences occurred between the core and the periphery countries. Nations are currently facing macroeconomic instability and imbalances. It becomes crucial to devise measures to help the monetary union. In the absence of a variable exchange rate system and an independent monetary policy, the solution would be to implement risk-sharing mechanisms. A budget centralized at the euro area level and a common unemployment insurance scheme are good candidates and would work as stabilization tools. Decision makers must take their responsibilities and collaborate. It is a matter of the survival of the euro area.


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Author

  • Levoisin, Laura ULiège Université de Liège > Master sc. éco., or. gén., à fin.

Promotor(s)

Committee's member(s)

  • Burghof, Hans-Peter
  • Lejeune, Thomas
  • Total number of views 26
  • Total number of downloads 4










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