Fiscal redistribution 

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N:\...\discussion17.wp [PFP#331423159]
... euro, individual member states in emu are deprived from monetary and, to a lesser extent, fiscal policy to absorb asymmetric shocks. european monetary policy by the ecb is geared to shocks ... and does not take account of asymmetric developments. also stabilisation through the eu budget via fiscal redistribution is virtually absent in the eu. this implies that the labour market plays an important ...
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fiscal prefunding response demographic uncertainty pdf
... equilibrium overlapping generations model, gamma, to produce projections of long-term economic and fiscal developments in the netherlands. the model features thorough descriptions of the public sector ... be proportionally smaller. it is clear that each simulation will involve some intergenerational redistribution relative to the baseline. aggregating the equivalent variations over all cohorts gives a ...
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