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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 and painful debate, EU institutions have agreed upon a new fiscal …, the additional public investment is unlikely to suffice to comply with the goals of net zero that the EU has set for …
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An early criticism of the Stability and Growth Pact has pointed to its asymmetric nature and the weak mechanisms to prevent politically-motivated fiscal policies: its constraints would bite in downswings but not in upswings, especially if in the latter the electoral cycle increases the...
Persistent link: https://www.econbiz.de/10012444588
It is often claimed that tax and welfare reforms that aim at enhancing efficiency may come at the cost of cyclical stabilisation. Reducing the generosity of welfare systems and lowering taxes may boost efficiency and output, and improve market adjustment to shocks. But, by reducing the size of...
Persistent link: https://www.econbiz.de/10012446777