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There is an alternative : a two-tier European currency community

Scharpf, Fritz W. - 2018

The performance of EMU member economies is shaped by different and structurally entrenched "growth models" whose … EMU. The present attempt to enforce structural convergence in the euro¬zone appears economically ineffective and lacks … smaller and more coherent EMU and the member states of a revised "Exchange Rate Mechanism II" (ERM) whose currencies are …

Persistent link: https://www.econbiz.de/10011888532

The conditions of socioeconomic development exploring the legitimacy of social norms, trust, and corruption in Chile and Argentina

Míguez, Daniel; Dewey, Matías - 2018

A growing body of research, based on large-scale international comparisons, has associated socioeconomic development with several intervening factors, such as levels of respect for social norms, interpersonal trust, degrees of confidence in public institutions, or incidence of corruption in...

Persistent link: https://www.econbiz.de/10011927946

Fiscal fault, financial fix? : Capital Markets Union and the quest for macroeconomic stabilization in the euro area

Braun, Benjamin; Hübner, Marina - 2017

governance structure of Economic and Monetary Union (EMU) severely limits the capacity of both national and supranational actors … knowledge and expertise, established securitization and market-based finance as solutions to EMU's governance problems. …

Persistent link: https://www.econbiz.de/10011770728

Financial policy in the Netherlands 1977 - 2002 : the effects of fiscal contracts

Seils, Eric (contributor) - 2004

Persistent link: https://www.econbiz.de/10002114755

Politik im Defizit : Austerität als fiskalpolitisches Regime

Streeck, Wolfgang; Mertens, Daniel - 2010

Seit Anfang der 1970er-Jahre lässt sich eine graduelle Verschärfung der fiskalischen Situation moderner Staaten beobachten. Chronisch gewordene Defizite und eine dramatisch gestiegene Staatsverschuldung sind zu einer beherrschenden Rahmenbedingung wohlfahrtsstaatlicher Politik geworden. Das...

Persistent link: https://www.econbiz.de/10003971000

From austerity to expansion? : consolidation, budget surpluses, and the decline of fiscal capacity

Haffert, Lukas; Mehrtens, Philip - 2013

In the wake of the financial crisis, most developed countries have entered a period of prolonged budgetary austerity. While the success of austerity programs is still unclear, it is also an open question what success would mean for activist government in the long run. This paper rejects the...

Persistent link: https://www.econbiz.de/10010225900

Permanent budget surpluses as a fiscal regime

Haffert, Lukas - 2016

This paper challenges the focus on budget deficits that permeates the literature on fiscal policy. It analyzes countries running budget surpluses and asks why some of them preserved these surpluses while others did not. Whereas several OECD members recorded surpluses for just a few years,...

Persistent link: https://www.econbiz.de/10011434776

Fiscal austerity and public investment : is the possible the enemy of the necessary?

Streeck, Wolfgang - 2011

In most rich democracies one finds a tendency for the share in public finance that is available for discretionary spending to shrink. This is because tax revenues do not keep pace with simultaneous increases in fixed expenditures and growing pressures for fiscal consolidation. The present paper...

Persistent link: https://www.econbiz.de/10009232249

Institutional change and the uses and limits of path dependency : the case of German finance

Deeg, Richard Edward - 2001

How can we determine when an existing institutional path or trajectory is ending and being replaced with a new one? How does such a process take place? How can we distinguish between institutional innovation within an existing trajectory and a switchover to a new trajectory or path? This paper...

Persistent link: https://www.econbiz.de/10008811083

Effectiveness of the European semester : explaining domestic consent and contestation

Maatsch, Aleksandra - 2017

Do parliamentary parties politicize compliance within the European Semester? If so, which conflict lines organize parliamentary debates? In order to address these questions, this discussion paper analyses national parliamentary participation in two budgetary cycles of the European Semester (2014...

Persistent link: https://www.econbiz.de/10011636072