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Rethinking the EU financial architecture
Acedo Montoya, Lourdes - In: Intereconomics : review of European economic policy 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/10014444235
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"Close to Balance or in Surplus": A Policy Maker's Guide to the Implementation of the Stability and Growth Pact
Artis, Michael J; Buti, Marco - C.E.P.R. Discussion Papers - 2000
Under the Stability and Growth Pact, countries are committed to achieving medium-term budget positions of “close to …
Persistent link: https://www.econbiz.de/10005067360
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Fiscal and Monetary Interaction: The Role of Asymmetries of the Stability and Growth Pact in EMU
Eijffinger, Sylvester C W; Governatori, Matteo - C.E.P.R. Discussion Papers - 2004
size of deficit taking into account the two main rules of the Stability and Growth Pact on public finance. Unlike previous …
Persistent link: https://www.econbiz.de/10005789061
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Revisiting the Stability and Growth Pact: Grand Design or Internal Adjustment?
Buti, Marco; Eijffinger, Sylvester C W; Franco, Daniele - C.E.P.R. Discussion Papers - 2003
The Stability and Growth Pact is under fire. Problems have appeared in sticking to the rules. Proposals to reform the …
Persistent link: https://www.econbiz.de/10005791638
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Defying the 'Juncker Curse’: Can Reformist Governments Be Re-elected?
Biroli, Pietro; Buti, Marco; Turrini, Alessandro Antonio; … - C.E.P.R. Discussion Papers - 2008
European policy makers, notably in the euro area, seem to take for granted that the electorate will punish them for bold reform in product and labour markets. This may explain why progress in the euro area has been comparatively limited. This paper posits and, using a dataset for 21 OECD...
Persistent link: https://www.econbiz.de/10005661620
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Legal Institutions, Innovation and Growth
Anderlini, Luca; Felli, Leonardo; Immordino, Giovanni; … - C.E.P.R. Discussion Papers - 2011
We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development — periods when legal … excessive (greater than first-best) R&D investment and output growth. …
Persistent link: https://www.econbiz.de/10009148877
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Prospects of bilateral trade between India and Bangladesh
Sikdar, Chandrima - In: Foreign trade review : quarterly journal of Indian … 41 (2006) 1, pp. 27-45
Persistent link: https://www.econbiz.de/10003368581
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Do the COVID-19 crisis, ageing and climate change put Swiss fiscal sustainability at risk?
Brändle, Thomas; Bruchez, Pierre-Alain; Colombier, Carsten - In: Intereconomics : review of European economic policy 57 (2022) 1, pp. 48-55
The ongoing coronavirus pandemic crisis as well as demographic and climate change pose major challenges for public finances. This article deals with the implications of demographic trends in Switzerland, i.e. the progressive ageing of the population and its impact on the country’s public...
Persistent link: https://www.econbiz.de/10013041006
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How Large Are the Effects of Tax Changes?
Favero, Carlo A.; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 2009
We use the time series of shifts in U.S. Federal tax liabilities constructed by Romer and Romer to estimate tax multipliers. Differently from the single-equation approach adopted by Romer and Romer, our estimation strategy (a Var that includes output, government spending and revenues, inflation...
Persistent link: https://www.econbiz.de/10005082536
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Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2008
Ponticelli, Jacopo; Voth, Hans-Joachim - C.E.P.R. Discussion Papers - 2011
Does fiscal consolidation lead to social unrest? Using cross-country evidence for the period 1919 to 2008, we examine the extent to which societies become unstable after budget cuts. The results show a clear correlation between fiscal retrenchment and instability. We test if the relationship...
Persistent link: https://www.econbiz.de/10009201119