size of income and demand automatic stabilizers coefficients is much smaller than the size of these coefficients in Europe … coefficients as a way to contribute to macroeconomic stability in LAC countries. The paper analyzes four policies affecting the … way to reduce the need of discretionary fiscal policies in the region. …

: "Price stability is defined as a year-on-year increase in the Harmonised Index of Consumer Prices (HICP) for the euro area of … economic growth. Policymakers must also consider which monetary policies are suitable for increasing aggregate inflation in the … and fiscal policies also need to play a role in addressing the recession and the low-inflation problem. They are, however …

This Article argues that the frameworks put in place to allow for the orderly resolution of large financial … gaps in resolution by throwing the fiscal firepower of the U.S.'s in the ring, European lawmakers failed to agree on a … genuine, common backstop for the resolution of significant credit institutions, only leaving a small window for national …

The paper considers the implications for the EU accession candidates of Central and Eastern Europe of the fiscal …-financial constraints imposed by the Stability and Growth Pact and the Maastricht Treaty. Our findings apply also to those current EU … members whose initial conditions (e.g. infrastructure and progress in state pension reform) or other structural …

in the European Monetary Union (EMU) needs further scrutiny. Both political economy models for emerging market sovereign … an upward drift of public debt for countries joining EMU. In turn, this could lead to the expectation that, the more … balances in the EMU candidate countries of Central and Eastern Europe (CEE) as well as in EMU and other OECD countries from …

performance. In comparison with the literature on the subject, we apply many different methodologies to answer these questions. A … VAR model (for France, Italy, Germany, the UK and the USA), a panel composed of 6 European countries (Austria, Belgium … is shown to be a significant determinant of output; this is also true for public capital but to a lesser extent than …

Stability -- 6. Searching for a New Balance for the Eurozone Governance in the Aftermath of the Coronavirus Crisis -- 7. Surfing … Jobs and Incomes in Europe: Towards an EU Capacity for Employment Stabilization in the Pandemic Period -- 12. Changes in … Labour Market Institutions and Unemployment in European Countries: An Empirical Analysis on the Short- and Long-Run Effects …

Stability -- 6. Searching for a New Balance for the Eurozone Governance in the Aftermath of the Coronavirus Crisis -- 7. Surfing … Jobs and Incomes in Europe: Towards an EU Capacity for Employment Stabilization in the Pandemic Period -- 12. Changes in … Labour Market Institutions and Unemployment in European Countries: An Empirical Analysis on the Short- and Long-Run Effects …

honour his debts four times during his reign. In this paper, we reassess the fiscal position of Habsburg Spain. New archival … make the king's debt sustainable for most of his reign. Spain's debt burden was manageable up to the 1580s, and its fiscal … position only deteriorated for good after the defeat of the "Invincible Armada". We also estimate fiscal policy reaction …

Maastricht Treaty and the Pact for Stability and Growth in Europe are analyzed in light of this model. Fiscal mechanisms exist to …The main tasks of central banks are to secure price and financial stability. These objectives can, in times of crises … policies. This paper offers a simple theoretical model that captures the trade-off. Different fiscal institutions are compared …