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Reflections on the Euro Area Fiscal Stance

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Intereconomics

Abstract

Avoiding the mistakes of the past, when the good times were not used to build buffers, will be crucial to avoid countries again being forced to engage in a pro-cyclical fiscal tightening in the next downturn.

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Authors and Affiliations

  1. Fiscal Policies Division - Directorate General Economics, European Central Bank, Sonnemannstrasse 20, 60314, Frankfurt a.M., Germany

    Christophe Kamps, Jacopo Cimadomo, Sebastian Hauptmeier & Nadine Leiner-Killinger

Authors
  1. Christophe Kamps
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  2. Jacopo Cimadomo
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  3. Sebastian Hauptmeier
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  4. Nadine Leiner-Killinger
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Corresponding author

Correspondence to Christophe Kamps.

Additional information

The views expressed in this paper are those of the authors and do not necessarily reflect those of the European Central Bank. We would like to thank Hans-Joachim Klöckers, Marien Ferdinandusse, Maximilian Freier, Stephan Haroutunian and David Pichler for their input and comments. We also thank Paul de Grauwe and participants of the Intereconomics/CEPS conference “A Fiscal Stabilisation Function for the Eurozone” in Brussels on 20 April 2017 for valuable discussions.

Christophe Kamps, European Central Bank, Frankfurt, Germany.

Jacopo Cimadomo, European Central Bank, Frankfurt, Germany.

Sebastian Hauptmeier, European Central Bank, Frankfurt, Germany.

Nadine Leiner-Killinger, European Central Bank, Frankfurt, Germany.

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Kamps, C., Cimadomo, J., Hauptmeier, S. et al. Reflections on the Euro Area Fiscal Stance. Intereconomics 52, 125–131 (2017). https://doi.org/10.1007/s10272-017-0660-0

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  • DOI: https://doi.org/10.1007/s10272-017-0660-0

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