by
Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture
Language: English
Release Date: March 26, 2018
This note outlines a concrete proposal for a euro area CFC that could help smooth both country-specific and common shocks. Specifically, it proposes a macroeconomic stabilization fund financed by annual contributions from countries used to build up assets in good times and make transfers to countries...