This paper assesses the potential economic impact of Next Generation EU (NGEU), focusing on the euro area. Its findings … pandemic-induced crisis and longer-term modernisation of the euro area economy through their digital and green transitions …, fiscal stimulus and risk premium. Overall, NGEU may increase gross domestic product (GDP) in the euro area by up to 1.5% by …

The euro area sovereign debt crisis has highlighted the importance of reducing public debt levels and building up … analysis (DSA) to act as a warning system for national policies. This paper introduces a comprehensive DSA framework for euro …

of the fiscal rules with better fiscal coordination through the establishment of a permanent euro area fiscal capacity …