Most EU member states will adopt fiscal rules that refer to cyclically-adjusted borrowing limits. Under the standard …-time output gaps used to calculate cyclical components balance over time. We analyse real-time output gaps for EU-15 countries … over the 1996-2011 period as estimated by the EU, the IMF and the OECD. Compared to each institution’s final estimate, we …

of three dimensions on EU and euro area fiscal reform preferences: nationality, political ideology, and populism. We …

This paper outlines some of the implications of factor market integration for fiscal policy in the countries of the EU … and for the EU itself. It draws particular attention to the dynamic dimensions of factor market integration, and …

in the global economy have further increased the high pressure on the EU to undergo modernisation. In this context …, structural and Cohesion Policy is of double interest. With 30 per cent of the regular EU budget, it is one of its most important … arises to pave the way for the enlargement and/or deepening of the EU through financial compensation. The paper sheds light …

not economic necessity have dictated the consolidation in the EU during the 90s. …