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On the Fast Track to EU Accession : Macroeconomic Effects and Policy Challenges for Estonia
Taube, Günther - 1999
This paper assesses the macroeconomic impact and policy challenges related to Estonia’s prospective accession to the EU …-based illustrative scenario using MULTIMOD. We conclude that the welfare enhancing effects for Estonia of further EU integration are … Estonia’s accession-related adjustment, its fiscal and structural policies should be geared toward mitigating domestic demand …
Persistent link: https://www.econbiz.de/10014400750
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Fiscal performance, institutional design and decentralization in European Union countries
Escolano, Julio; Eyraud, Luc; Moreno Badía, Marialuz; … - 2012
Persistent link: https://www.econbiz.de/10009572538
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Successful austerity in the United States, Europe and Japan
Batini, Nicoletta; Callegari, Giovanni; Melina, Giovanni - 2012
Persistent link: https://www.econbiz.de/10009620965
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Aggregate stability and balanced-budget rules
Ghilardi, Matteo F.; Rossi, Raffaele - 2014
Persistent link: https://www.econbiz.de/10010389578
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Strengthening the WAEMU regional fiscal framework
David, Antonio C.; Nguyen-Duong, Alexandre; Selim, Hoda - 2022
This paper assesses the adequacy and effectiveness of the WAEMU fiscal framework along three pillars that have proven to effectively support fiscal discipline in monetary unions-common fiscal rules (including adequacy of numerical ceilings as well as elements of design and enforcement), shared...
Persistent link: https://www.econbiz.de/10013170001
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Monitoring the climate impact of fiscal policy : lessons from tracking the COVID-19 response
Eltokhy, Khaled; Funke, Katja; Huang, Guohua; Kim, Yujin; … - 2021
In the wake of the COVID-19 crisis, governments around the world announced unprecedented fiscal packages to address the economic impact of the crisis. The unusually large scale of the packages was accompanied by widespread calls for "greening" them to meet the dual goals of economic recovery and...
Persistent link: https://www.econbiz.de/10012796277
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The impact of political uncertainty on asset prices : the case of United Kingdom's EU membership referendum
Hanna, Joseph; Hansen, Niels-Jakob Harbo; MacDonald, Margaux - 2021
How did expectations of the outcome of the United Kingdom's (UK) referendum on European Union (EU) membership in 2016 affect prices in financial markets? We study this using high frequency data from betting and financial markets. We find that a one percentage point increase in the probability of...
Persistent link: https://www.econbiz.de/10012517941
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The impact of r-g on the Euro-Area government spending multiplier
Di Serio, Mario; Fragetta, Matteo; Melina, Giovanni - 2021
We compute government spending multipliers for the Euro Area (EA) contingent on the interestgrowth differential, the so-called r-g. Whether the fiscal shock occurs when r-g is positive or negative matters for the size of the multiplier. Median estimates vary conditional on the specification, but...
Persistent link: https://www.econbiz.de/10012518304
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The fiscal multiplier of European Structural Investment Funds : aggregate and sectoral effects with an application to Slovenia
Durand, Luigi; Espinoza, Raphael - 2021
characterized by fixed exchange rate regimes and sound public investment governance (e.g. Croatia and Slovenia). We also complement …
Persistent link: https://www.econbiz.de/10012613691
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Numerical fiscal rules for economic unions : the role of sovereign spreads
Hatchondo, Juan Carlos; Martinez, Leonardo; Roch, Francisco - 2021
We study gains from introducing a common numerical fiscal rule in a "Union" of model economies facing sovereign default risk. We show that among economies in the Union, there is significant disagreement about the common debt limit the Union should implement: the limit preferred by some economies...
Persistent link: https://www.econbiz.de/10012605545