Annual CEPS-Intereconomics Conference: A Fiscal Stabilisation Function for the Euro Area
The Five Presidents’ Report of 2015 has called for a macroeconomic stabiliser at the EMU level that would be capable of dealing with asymmetric shocks. A European unemployment benefits scheme (EUBS) is one potential stabilisation mechanism, although other proposals for devising risk-sharing tools that could be deployed across the Economic and Monetary Union have surfaced over the years. This high-level conference will explore and compare the advantages and disadvantages of the various schemes entertained. Which one is best suited for the member countries of EMU? Which one holds out the greatest promise of reducing the risk of deep recession? Do such schemes inevitably lead to moral hazard or are there practical safeguards that can be built into their provisions to minimise this risk from materialising? Are any of these proposal politically feasible in the near term?
Join us and share your views on these important questions.
The studies presented at the conference will be published in a forthcoming issue of Intereconomics.
Past Intereconomics publications on other topical economic issues can be downloaded via this link.
Participation in this event is exceptionally free of charge.
Registration and coffee from 09.00 – Meeting from 09.30 to 17.00
Please click here for full agenda.
'Feasibility and Added Value of a European Unemployment Benefits Scheme' by Karolien Lenaerts
'Reflections on the euro area fiscal stance' by Christophe Kamps
'EMU governance and Eurozone fiscal stance' by Paul De Grauwe
'Fiscal rules and the scope for risk-sharing' by Iain Begg