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60 %, -4 % and 6 %, a tale of thresholds for EU fiscal and current account developments

Afonso, António; Coelho, José Carlos - 2021

We study the relationship between the budget balance and the current account balance for European Union(EU) countries … that the relationship is bi-directional for the EU panelas a whole. Furthermore, we find that in Eurozone countries, before …

Persistent link: https://www.econbiz.de/10012649364

Fiscal consolidation and automatic stabilization : new results

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas; … - 2020 - This version: December 17, 2019

affected the cushioning of income shocks in the Euro zone and the EU-27 in the period 2007-2014. We propose a new summary …

Persistent link: https://www.econbiz.de/10012164214

Calamities, common interests, shared identity : what shapes altruism and reciprocity?

Aksoy, Cevat Giray; Cabrales, Antonio; Dolls, Mathias; … - 2021

), common economic interests, and a shared identity inﬂuences altruism, reciprocity and trust of EU citizens. We ﬁnd that … priming the COVID-19 pandemic increases altruism and reciprocity towards compatriots, citizens of other EU countries, and non-EU …

Persistent link: https://www.econbiz.de/10012595338

CO2 emissions and energy technologies in Western Europe

Barrera-Santana, J.; Marrero, Gustavo A.; Puch, Luis; … - 2021

for the climate transition goals targeted in the EU’s Recovery Plan, whose main objective at this very moment is to …

Persistent link: https://www.econbiz.de/10012595347

The existential trilemma of EMU in a model of fiscal target zone

Della Posta, Pompeo; Tamborini, Roberto - 2021

The lesson of the sovereign debt crises of the 2010s, and of the outbreak of the COVID-19 pandemic is that EMU irreversibility, if not to remain a wishful statement in the founding treaties, necessitates to be completed by carefully designed ramparts for extraordinary times beside regulations...

Persistent link: https://www.econbiz.de/10012595366

European structural funds and resilient and recovery facility governance

San Juan Mesonada, Carlos; Sunyer Manteiga, Carlos - 2021

promote growth for the management of the Recovery & Resilience Facility (RRF). We analyse the impact of the EU Cohesion Policy …

Persistent link: https://www.econbiz.de/10012595454

The role of fiscal policies for external imbalances : evidence from the European Union

Afonso, António; Coelho, José Carlos - 2021

We revisit the relation between budget deficits and current account deficits for 28 European Union countries from 1996 to 2019. We find that an increase in budget deficit of 1 pp of GDP results in a deterioration of the current account deficit of 0.318 pp of GDP, which supports the Twin Deficits...

Persistent link: https://www.econbiz.de/10012504606

Survey-based structural budget balances

Göttert, Marcell; Wollmershäuser, Timo - 2021

revised over time and almost unbiased. Moreover, the survey-based measure could be easily implemented into the existing EU …

Persistent link: https://www.econbiz.de/10012504787

European structural and investment funds and regional convergence : the impact of public deficit in beta-convergence

San Juan Mesonada, Carlos; Sunyer Manteiga, Carlos - 2020

The objective is to empirically assess the effects of the European Structural and Investment Funds (ESIF) on the regional convergence of income catching-up of the Objective 1 regions in Spain. The principal added value of the paper is that by using realized investment data, it allows comparison...

Persistent link: https://www.econbiz.de/10012233037

Effects of policy mix on European regional convergence

López-Bravo, Ignacio Sacristán; San Juan Mesonada, Carlos - 2022

developed regions (Objective 1) of the European Union (EU 28) during the implementation of the three European Structural and … effectiveness of EU Regional and Cohesion Policy. However, the combination of fiscal and monetary policy shows an impact that is …

Persistent link: https://www.econbiz.de/10014293976