This paper looks at the macroeconomic policy response to the Covid-19 crisis in the European Union (EU) and the … prospects for long-term recovery under the Next Generation EU (NGEU) plan. It argues that, un­like what happened following the … sovereign debt crisis of 2011-2012, the EU’s strong and prompt response to the pandemic took more into account the lessons from …

surveillance carried out in the EU. Therefore, we find it useful to carry out a study responding to former criticisms which pointed …

expenditures are widely used by EU Member States. However, their fiscal and equity impacts are not always clear and their … EU-wide microsimulation model. We focus on four specific categories of preferential tax treatments affecting personal … EUROMOD is that it embeds the interaction between different tax instruments and benefits entitlement which, in EU tax systems …

. The commonly accepted reasons are political economy and uncertainty. In the EU, the pro-cyclical nature of discretionary … scope for stabilising output. Using panel data covering close to 50 EU and non-EU countries, we provide evidence that the …