Showing 1 - 10 of 447
The paper describes the main transmission channels of the spillovers of national fiscal policies to other countries within the euro area and investigates their magnitude using different models. In the context of Economic and Monetary Union (EMU), fiscal spillovers are relevant for the accurate...
Persistent link: https://www.econbiz.de/10012206331
This paper reviews developments in fiscal rules in the European Union (EU) from the entering into force of the Treaty on European Union (the “Maastricht Treaty”), which laid the foundations for the euro, until today. It seems safe to say that fiscal positions in the EU and the euro area are...
Persistent link: https://www.econbiz.de/10012063785
This paper reviews the main arguments underpinning the reform of the EU's fiscal framework, which has culminated in the adoption by the EU legislators of a revised set of rules for the European economic governance including the Stability and Growth Pact (SGP). It takes a chronological approach...
Persistent link: https://www.econbiz.de/10014533774
Persistent link: https://www.econbiz.de/10003330535
Persistent link: https://www.econbiz.de/10008668128
Persistent link: https://www.econbiz.de/10013424286
Persistent link: https://www.econbiz.de/10011317778
A key element of the European reform agenda is to simplify the EU fiscal governance framework by moving towards a single debt anchor and a single operational indicator as the basis for formulating fiscal targets and assessing compliance. This paper puts forward an in-depth analysis of two...
Persistent link: https://www.econbiz.de/10012800643
Persistent link: https://www.econbiz.de/10011627075
"We estimate channels of international risk sharing between European Monetary Union (EMU), European Union, and other OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing through factor income and capital gains was close to zero...
Persistent link: https://www.econbiz.de/10009388405