Showing 1 - 10 of 85,875
The international monitoring of public finances in EMU member states is an essential element of the Stability and Growth Pact. Part of evaluating government budgets involves determining the sustainability of the envisaged consolidation measures. The academic and political debate on this topic...
Persistent link: https://www.econbiz.de/10010470804
We assess public finances solvency for Euro Area countries using quarterly data between 1999Q1 and 2020Q4. Through a country-by-country analysis, the answer to the title question is true. For most countries, (i) the primary budget balance reacts positively to the lagged public debt ratio and...
Persistent link: https://www.econbiz.de/10013365375
Persistent link: https://www.econbiz.de/10012049378
The paper discusses the impact of austerity policy on economic performance in the eurozone countries after the global … macroeconomic conditions which accompanied it and the impact of such policy on economic growth in the eurozone countries. The … Method of Moments was used. Data from 2010-17 for the eurozone countries served to prove the existence of a key negative …
Persistent link: https://www.econbiz.de/10012104382
Persistent link: https://www.econbiz.de/10011554961
Persistent link: https://www.econbiz.de/10011291422
Eurozone. Each variant of fiscal integration must be based on sound foundations of fiscal discipline. Market discipline, i …
Persistent link: https://www.econbiz.de/10010187949
Persistent link: https://www.econbiz.de/10001623134
With the recent debt crisis, the necessity of effective measures for safeguarding fiscal sustainability has become patent, leading to an intense debate. Most of the debate focuses on strengthening fiscal rules and restoring fiscal imbalances through austerity measures. In this paper, I address...
Persistent link: https://www.econbiz.de/10013020591
I estimate fiscal reaction functions to analyze the cyclical behavior of discretionary measures in the euro area and the potential impact of changes in the fiscal framework. The core is to analyze whether fiscal rules have an asymmetric impact on discretionary measures over the cycle. First,...
Persistent link: https://www.econbiz.de/10012319571