Eurozone Stabilisation Fund: Revisited

In this report Mark Nevin proposed a Stabilisation Fund for the Eurozone to insure against asymmetric economic shocks. Under the paper's proposals, payments into and out of the Stabilisation Fund would be based on national economic performance relative to each country’s potential growth rate. This would encourage and support reforms to boost growth, rather than create 'moral hazard' by rewarding persistently poor performers.

• Primary Source

European Parliament: European Parliamentary Research Service: Briefing, October 2017: Looking at US experience in view of deepening EMU http://www.europeansources.info/record/looking-at-us-experience-in-view-of-deepening-emu/

IMF: Staff Discussion Notes, No.3, March 2018: A Central Fiscal Stabilization Capacity for the Euro Area https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2018/03/22/A-Central-Fiscal-Stabilization-Capacity-for-the-Euro-Area-45741

VOX: Article, 23.10.17: Business cycle stabilisation in the Eurozone: Ways forward https://voxeu.org/article/business-cycle-stabilisation-eurozone

---