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The Austrian government is about to introduce a new fiscal management framework. The first step is to introduce a medium-term budgetary framework, including an expenditure rule. The paper focuses on this first step. The purpose is to describe and evaluate the Austrian model in light of other...
Persistent link: https://www.econbiz.de/10005826033
The budget is an expression of political rather than economic priorities. We confirm this proposition for a group of new and potential members of the European Union, finding that politics dominates. The contemporary practice of democracy can increase budget deficits through not only ideological...
Persistent link: https://www.econbiz.de/10005599230
Chapter 1: The Productivity Puzzle – A critical assessment and an outlook on the COVID-19 crisis -- Chapter 2: Revisiting intangible capital and labour productivity growth, 2000-2015: Accounting for the crisis and economic recovery in the EU -- Chapter 3: The Rule of Law and Labour...
Persistent link: https://www.econbiz.de/10013040877
the Euro -- Chapter 4: Crisis and Public Support for the Euro, 1990-2014 -- Chapter 5: Political Economy of EMU …The long-term sustainability of the euro and the Economic and Monetary Union (EMU) depends heavily on their ability to … his research on public support for and the economics and the political economy of the euro and EMU. . …
Persistent link: https://www.econbiz.de/10013040878
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This paper reviews the first five years of experience with the working of the EMU framework for fiscal policy in EMU …. It is argued that the balance with the fiscal framework of EMU so far is mixed. The EMU framework has contributed to … goals in applying the EMU framework for economic policy co-ordination and budgetary surveillance. …
Persistent link: https://www.econbiz.de/10008595802
regarding the legal implications of EMU for transactions governed by the laws of U.S. jurisdictions, regardless of whether … (EMU) under the laws of New York State and other U.S. jurisdictions is one of the most important legal questions facing the … following conclusions regarding the legal implications of EMU for transactions governed by the laws of U.S. jurisdictions …
Persistent link: https://www.econbiz.de/10008459146
This essay will evaluate the experience of the first decade of EMU and the euro in historical perspective. It will … ground the establishment of EMU and the euro in the context of the history of international monetary cooperation and of … develop and expand upon the following three themes: 1. Lessons from the evolution of past monetary unions for EMU; 2. Fiscal …
Persistent link: https://www.econbiz.de/10008459149