Stabilising the Euro Area through unemployment benefits re‑insurance scheme
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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The paper examines the possible design and macroeconomic stabilisation properties of a euro area unemployment benefits re-insurance scheme using annual historical data from 2000 to 2016. The scheme we propose is similar in some aspects to the recent proposals, including the IMF’s paper on the central fiscal capacity, while preserving important...
