Similar Search Results

Wachstum und Konsolidierung: ein Gegensatz? Zur Diskussion um "Austeritätspolitik" und "Wachstumsfalle"

Neheider, Susanne; Schuknecht, Ludger - In: Vierteljahrshefte zur Wirtschaftsforschung 82 (2013) 2, pp. 25-37

The debate on fiscal consolidation is dominated by controversies about the negative impact of consolidation on growth …. This contribution shortly summarizes the discussion about links between fiscal consolidation and growth. In addition …, common advice that is derived from arguments about the detrimental impact of consolidation on growth, is analyzed. We argue …

Persistent link: https://www.econbiz.de/10010464598

The Cyclically Adjusted Budget Balance in EU Fiscal Policymaking. Love at First Sight Turned into a Mature Relationship

Larch, Martin; Turrini, Alessandro - 2009

the Stability and Growth Pact. The steep ascent was driven by high expectations which, with the passing of time, were only …

Persistent link: https://www.econbiz.de/10015220321

Keep it simple, not stupid: How to save the EU fiscal framework?

Tero, Kuusi; Päivi, Puonti - 2022

In this paper, we describe key problems of the current EU's fiscal framework and offer constructive options for its reform. A comprehensive reassessment of the rules is necessary, as the development of the rules has reached an impasse for both political and technical reasons. In our view, Europe...

Persistent link: https://www.econbiz.de/10014278148

Rethinking the EU Financial Architecture

Montoya, Lourdes Acedo - In: Intereconomics 58 (2023) 6, pp. 289-294

The European Union has weathered a number of turbulent storms in recent years from the COVID-19 pandemic to the ongoing war in Ukraine. These crises have highlighted the limitations of the EU budget and the need for the flexibility to adequately respond to challenges in real time. They have also...

Persistent link: https://www.econbiz.de/10014459456

Italy's Superbonus 110%: Messing up with demand stimulus and the need to reinvent fiscal policy

Codogno, Lorenzo - 2024

excessive generosity brought a massive deterioration in public finances, while its returns in terms of economic growth were …

Persistent link: https://www.econbiz.de/10015046512

Fiscal stabilisation rule

Shahnazarian, Hovick - 2022

This paper decomposes the fiscal balance into a cyclical and a structural component using an optimal fiscal stabilisation rule derived from a loss function where the government is assumed to keep structural balance close to the targeted surplus for fiscal balance while at the same time...

Persistent link: https://www.econbiz.de/10015268817

Fiscal stabilisation rule

Shahnazarian, Hovick - 2022

Persistent link: https://www.econbiz.de/10015268822

A scientific note on the Italian Mini BOTs and the proposal of the CCCFs

Saccal, Alessandro - 2023

This note shows that the Italian Mini BOTs proposed in 2019 bore the potential neither to become Italian legal tender nor to practically increase Italian government debt, but to practically cause a mere reduction in taxation and thence in government spending or transfers. Since the Eurozone...

Persistent link: https://www.econbiz.de/10015269217

EMU and fiscal discipline: the end of the depreciation threat

Heinemann, Friedrich - 1998

Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...

Persistent link: https://www.econbiz.de/10010297592

Exchange rate regimes and fiscal discipline in OECD countries

Heinemann, Friedrich - 1999

Since the start of EMU national fiscal policy in the Eurozone can be conducted almost without paying any attention to consequences for the exchange rate. This might lower fiscal discipline. In order to shed light on the empirical relevance of this consideration, the impact of the exchange rate...

Persistent link: https://www.econbiz.de/10010297607