01635cas a2200241 a 4500 AALejournalIMF001308 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855487 1018-5941 BD-DhAAL BD-DhAAL Masson, Paul. Fiscal Policy and Growth in the Context of European Integration / Paul Masson. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper considers the issue of whether a supranational fiscal policy in Europe is needed, and, if so, what responsibilities it should undertake. The literature on endogenous growth and the principle of subsidiarity suggest that such a policy should be limited to externalities or economies of scale not captured at the national level. These may include spending on research and development and transportation or knowledge networks, and harmonization of social security designed to enhance labor mobility. EU-wide stabilization policy or enhanced EU redistribution does not seem justified, however. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/133 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/133/001.2000.issue-133-en.xml IMF e-Library