Showing 1 - 10 of 22
We examine whether collective memories on the aid&reform programs chosen to handle the 2010 European debt crisis differ between citizens from borrower and lender countries. We use new international survey data for non-experts and experts in member countries of the euro area. The results show...
Persistent link: https://www.econbiz.de/10013250727
interesting case of a member state that without significant market pressure (the only EU country without recession during the … crisis) actively promoted several changes in the EU fiscal framework (e.g. 6-pack) and effectively internalized some of these … 2014 Q1. The case of Poland seems to suggest that the post-crisis EU fiscal measures can be effectively used to increase …
Persistent link: https://www.econbiz.de/10012908672
across the members and (2) implementation without changes to the EU Treaty. Focussing on long-term sustainability meets them …
Persistent link: https://www.econbiz.de/10012892285
We study the effect of monetary surprise shocks on real output and the price level, conditioned on different fiscal sustainability regimes in the period 2001Q4-2021Q4. First, we estimate time-varying fiscal sustainability coefficients based on Bohn’s (1998) approach through Schlicht’s (2003)...
Persistent link: https://www.econbiz.de/10014346445
Persistent link: https://www.econbiz.de/10015163033
Persistent link: https://www.econbiz.de/10012040012
We explore the reaction of the euro area periphery sovereigns' fiscal positions to an unconventional monetary policy shock. We estimate panel vector autoregressive (VAR) models over the period 2010-2018, and identify the shock by imposing sign restrictions. Our results suggest that the...
Persistent link: https://www.econbiz.de/10012843420
In this paper, sound public finances under the euro means sustainability in the long term instead of short- and medium-term fiscal discipline. The challenges to sustainability are identified for the four largest euro area member states, and several policy options for sustainability are...
Persistent link: https://www.econbiz.de/10012829317
energy. The EU should take a leading role globally in meeting these long-term challenges …
Persistent link: https://www.econbiz.de/10012860367
Persistent link: https://www.econbiz.de/10012216060