Narrow search
Showing 1 - 10 of 401
Cover Image
Numerical Compliance with EU Fiscal Rules: Facts and Figures from a New Database
Larch, Martin; Malzubris, Janis; Santacroce, Stefano - In: Intereconomics 58 (2023) 1, pp. 32-42
EU fiscal rules are meant to keep public finances on a sustainable path. This paper presents a new database that tracks numerical compliance with the four main rules of the Stability and Growth Pact starting in 1998. Our assessment of numerical compliance abstracts from the many exceptions and...
Persistent link: https://www.econbiz.de/10014334679
Cover Image
Fighting debt explosion in the European sovereign debt crisis: Eurobonds, leveraging EFSF and Euro-TARP
Prinz, Aloys; Beck, Hanno - In: Intereconomics 47 (2012) 3, pp. 185-189
A number of tools have been suggested for solving the European sovereign debt crisis, in particular the options of leveraging the EFSF/ESM, introducing Eurobonds and a European Troubled Asset Relief Programme (Euro-TARP). However, it is unclear how these instruments will work, given jittery...
Persistent link: https://www.econbiz.de/10010369097
Cover Image
The European redemption pact: Implementation and macroeconomic effects
Doluca, Hasan; Hübner, Malte; Rumpf, Dominik; Weigert, … - In: Intereconomics 47 (2012) 4, pp. 230-239
One possible solution to the sovereign debt crisis is the European Redemption Pact (ERP) proposed by the German Council of Economic Experts. The ERP provides sustainable financing conditions for participating sovereigns to facilitate bringing public debt ratios below the reference value of 60%...
Persistent link: https://www.econbiz.de/10010290842
Cover Image
A modest proposal for resolving the eurozone crisis
Varoufakis, Yanis; Holland, Stuart - In: Intereconomics 47 (2012) 4, pp. 240-247
This paper presents three simple policies for overcoming the crisis that can be implemented immediately and require none of the moves such as national guarantees or fiscal transfers to which many Europeans are opposed, nor moves towards federation that entail Treaty changes, which electorates...
Persistent link: https://www.econbiz.de/10010471462
Cover Image
The eurozone crisis and citizens' shattered systemic trust
Roth, Felix - In: Intereconomics 47 (2012) 3, pp. 138-139
Persistent link: https://www.econbiz.de/10010290835
Cover Image
Investing in European Public Goods While Maintaining Fiscal Discipline at Home
Bakker, Age; Beetsma, Roel; Buti, Marco - In: Intereconomics 59 (2024) 2, pp. 98-103
Putting the high public debt ratios on a downward path after the surge during the pandemic and allocating sufficient resources to deliver on the green and digital transition will be among the priorities confronting the EU institutions emerging from the June 2024 European elections. After a long...
Persistent link: https://www.econbiz.de/10014546008
Cover Image
Convergence in GDP per Capita in the Euro Area and the EU at the Time of COVID-19
Licchetta, Mirko; Mattozzi, Giovanni - In: Intereconomics 58 (2023) 1, pp. 43-51
This paper investigates determinants of convergence in GDP per capita in the euro area and the EU between 1995 and 2021. It finds that the COVID-19 crisis temporarily slowed convergence but the estimated negative impact is significantly smaller than during the global financial crisis. Diverging...
Persistent link: https://www.econbiz.de/10014334683
Cover Image
Greece's new agreement with Europe: Is this time different?
Kazarian, Paul B.; Pelagidis, Theodore - In: Intereconomics 50 (2015) 5, pp. 281-287
The correct understanding of Greece's debt can only be obtained by using international accrual accounting standards rather than the cash-basis future face value defi nition. Changing the terms of debt changes the value of the debt in Greek governmental fi nancial statements correctly prepared...
Persistent link: https://www.econbiz.de/10011773254
Cover Image
Towards a New Euro Crisis?
De Grauwe, Paul - In: Intereconomics 57 (2022) 5, pp. 273-277
government bond markets. This will continue to make the eurozone a fragile construction. As a result, the possibility of a future …
Persistent link: https://www.econbiz.de/10013468417
Cover Image
External imbalances in the EU: A REER-based explanation
Kutasi, Gábor - In: Intereconomics 50 (2015) 5, pp. 301-308
The debt crisis of the eurozone revealed a structural problem of the single market rooted in the external imbalance … problem of indebted member states. The assumption of this paper is that the current account imbalances within the eurozone are … based on an intra-eurozone competitiveness disparity originated in the single currency and the heterogeneity of member state …
Persistent link: https://www.econbiz.de/10011773257