scope for stabilising output. Using panel data covering close to 50 EU and non-EU countries, we provide evidence that the …. The commonly accepted reasons are political economy and uncertainty. In the EU, the pro-cyclical nature of discretionary … ill-timed from a stabilisation perspective even when observable and politically more meaningful indicators of the cycle …

This paper considers the role of fiscal policy in New Zealand's macroeconomic stabilisation. New Zealand … macroeconomic stabilisation. In contrast, fiscal policy is generally oriented around medium-term structural goals and debt … sustainability. There is a need to reassess the role of fiscal policy in the wake of COVID-19 and structural trends. As has been the …

This paper assesses the limitations that the Stability and Growth Pact has imposed on Italy's economic recovery and its … debt reduction. By evaluating Germany's fiscal policy since 1997, the paper offers recommendations for the Italian … that fiscal consolidation is ineffective in reducing the debt-to-GDP ratio. A balanced budget fiscal injection seems the …

possible impact of the German debt brake on SOEs by tracking changes in financial indicators at the firm level that would hint …

The debate on the reform of the European Union's fiscal rules, the Stability and Growth Pact, has largely focused on … outcomes. In particular, the reform failed to clarify the interplay between EU countries' medium-term fiscal structural plans …