A Fiscal Union for the Euro: Some Lessons from History

Michael D. Bordo, Agnieszka Markiewicz, Lars Jonung

NBER Working Paper No. 17380
Issued in September 2011

---- Acknowledgments ----

We have received constructive comments from many. We would like to thank in particular Iain Begg, Michael Bergman, Daniel Heymann, Sven Langedijk, Paul van den Noord, Jakob von Weizsäcker and Guntram Wolff. Michael Bordo started this paper in 2006 when he was a visiting scholar at DGECFIN in Brussels. The original research was funded by DGECFIN from a grant to him in 2006-2007. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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