IDEAS home Printed from https://ideas.repec.org/a/spr/intere/v55y2020i4d10.1007_s10272-020-0905-1.html
   My bibliography  Save this article

Common Fiscal Capacity Is Needed to Strengthen Risk Sharing

Author

Listed:
  • Antonia Díaz

    (Universidad Carlos III de Madrid)

Abstract

This asymmetric effect of the shock on economic activities becomes an asymmetric impact on countries depending on their sectoral composition.

Suggested Citation

  • Antonia Díaz, 2020. "Common Fiscal Capacity Is Needed to Strengthen Risk Sharing," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(4), pages 215-219, July.
    • Handle: RePEc:spr:intere:v:55:y:2020:i:4:d:10.1007_s10272-020-0905-1
    DOI: 10.1007/s10272-020-0905-1
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10272-020-0905-1
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10272-020-0905-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Giancarlo Corsetti & Luca Dedola & Sylvain Leduc, 2008. "International Risk Sharing and the Transmission of Productivity Shocks," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 75(2), pages 443-473.
    2. Enghin Atalay, 2017. "How Important Are Sectoral Shocks?," American Economic Journal: Macroeconomics, American Economic Association, vol. 9(4), pages 254-280, October.
    3. Ivan Jaccard & Frank Smets, 2020. "Structural Asymmetries and Financial Imbalances in the Eurozone," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 73-102, April.
    4. Emmanuel Farhi & Jean Tirole, 2018. "Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 85(3), pages 1781-1823.
    5. Jean Imbs, 2004. "Trade, Finance, Specialization, and Synchronization," The Review of Economics and Statistics, MIT Press, vol. 86(3), pages 723-734, August.
    6. Koester, Gerrit & Priesmeier, Christoph, 2017. "Revenue elasticities in euro area countries," Working Paper Series 1989, European Central Bank.
    7. Sebnem Kalemli-Ozcan & Bent E. Sørensen & Oved Yosha, 2003. "Risk Sharing and Industrial Specialization: Regional and International Evidence," American Economic Review, American Economic Association, vol. 93(3), pages 903-918, June.
    8. Massimo Motta & Martin Peitz, 2020. "State Aid Policies in Response to the COVID-19 Shock: Observations and Guiding Principles," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(4), pages 219-222, July.
    9. Jean Pisani-Ferry & Erkki Vihriälä & Guntram B. Wolff, 2013. "Options for a Euro-area fiscal capacity," Policy Contributions 765, Bruegel.
    10. Mongelli, Francesco Paolo & Reinhold, Elisa & Papadopoulos, Georgios, 2016. "What's so special about specialization in the euro area?," Occasional Paper Series 168, European Central Bank.
    11. Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
    12. European Commission, 2018. "Taxation trends in the European Union: 2018 edition," Taxation trends 2018, Directorate General Taxation and Customs Union, European Commission.
    13. Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 2.
    14. Mathias Hoffmann & Egor Maslov & Bent E. Sørensen & Iryna Stewen, 2019. "Channels of Risk Sharing in the Eurozone: What Can Banking and Capital Market Union Achieve?," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(3), pages 443-495, September.
    15. Ivan Jaccard & Frank Smets, 2020. "Structural Asymmetries and Financial Imbalances in the Eurozone," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 73-102, April.
    16. Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Antonia Díaz & Luis A. Puch, 2021. "EU After COVID-19: An Opportunity for Policy Coordination," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(4), pages 197-200, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Antonia Díaz, 2021. "The EU Budget and the Role of Public Goods," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 22(02), pages 35-38, March.
    2. Antonia Díaz & Luis A. Puch, 2021. "EU After COVID-19: An Opportunity for Policy Coordination," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(4), pages 197-200, July.
    3. Julia Anderson & Simone Tagliapietra & Guntram B. Wolff, 2020. "A Framework for a European Economic Recovery After COVID-19," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(4), pages 209-215, July.
    4. Dennis Coates & Brad R. Humphreys, 2008. "Do Economists Reach a Conclusion on Subsidies for Sports Franchises, Stadiums, and Mega-Events?," Econ Journal Watch, Econ Journal Watch, vol. 5(3), pages 294-315, September.
    5. Blair Jenkins, 2009. "Rent Control: Do Economists Agree?," Econ Journal Watch, Econ Journal Watch, vol. 6(1), pages 73-112, January.
    6. Ann Mari May, 2008. "On Gender Balance in the Economics Profession," Econ Journal Watch, Econ Journal Watch, vol. 5(2), pages 193-198, May.
    7. Peter Hennecke, 2021. "The ECB’s New Monetary Policy Strategy," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(5), pages 295-298, September.
    8. Toma Lankauskiene, 2021. "Labour Productivity Growth Determinants in the Manufacturing Sector in the Baltic States," ConScienS Conference Proceedings 025tl, Research Association for Interdisciplinary Studies.
    9. Lars P Feld & Volker Wieland, 2021. "The German Federal Constitutional Court Ruling and the European Central Bank’s Strategy," Journal of Financial Regulation, Oxford University Press, vol. 7(2), pages 217-253.
    10. N��ez Ferrer, Jorge, 2021. "Avoiding the Main Risks in the Recovery Plans of Member States," CEPS Papers 32463, Centre for European Policy Studies.
    11. Garett Jones, 2008. "What Is the Right Number of Women? Hints and Puzzles from Cognitive Ability Research," Econ Journal Watch, Econ Journal Watch, vol. 5(2), pages 227-239, May.
    12. Lars Jonung & Eoin Drea, 2010. "It Can't Happen, It's a Bad Idea, It Won't Last: U.S. Economists on the EMU and the Euro, 1989–2002," Econ Journal Watch, Econ Journal Watch, vol. 7(1), pages 1-4–52, January.
    13. Ian Ayres & John J. Donohue, 2009. "Yet Another Refutation of the More Guns, Less Crime Hypothesis—With Some Help From Moody and Marvell," Econ Journal Watch, Econ Journal Watch, vol. 6(1), pages 35-59, January.
    14. Richard Jong-A-Pin & Jakob De Haan, 2008. "Growth Accelerations and Regime Changes: A Correction," Econ Journal Watch, Econ Journal Watch, vol. 5(1), pages 51-58, January.
    15. E. Frank Stephenson & Erin E. Wendt, 2009. "Occupational Licensing: Scant Treatment in Labor Texts," Econ Journal Watch, Econ Journal Watch, vol. 6(2), pages 181-194, May.
    16. Kjerstin Tevik & Geir Selbæk & Knut Engedal & Arnfinn Seim & Steinar Krokstad & Anne-S Helvik, 2019. "Mortality in older adults with frequent alcohol consumption and use of drugs with addiction potential – The Nord Trøndelag Health Study 2006-2008 (HUNT3), Norway, a population-based study," PLOS ONE, Public Library of Science, vol. 14(4), pages 1-24, April.
    17. Yoshihisa Amae & Jens Damm, 2011. "“Whither Taiwanization?†State, Society and Cultural Production in the New Era," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 40(1), pages 3-17.
    18. Yunhee Park & Hyun-Jung Yun, 2020. "A Multilevel Investigation of Fall Prevention Behavior Among Nursing Staff of South Korean Geriatric Hospitals," Global Journal of Health Science, Canadian Center of Science and Education, vol. 12(10), pages 1-97, September.
    19. Arthur M. Diamond, Jr., 2007. "Thriving at Amazon: How Schumpeter Lives in Books Today," Econ Journal Watch, Econ Journal Watch, vol. 4(3), pages 338-344, September.
    20. Paul Trampe, 2008. "The EITC Disincentive: A Reply to Dr. Hilary Hoynes," Econ Journal Watch, Econ Journal Watch, vol. 5(1), pages 59-65, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:intere:v:55:y:2020:i:4:d:10.1007_s10272-020-0905-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.