Showing 71 - 80 of 116
critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy …
Persistent link: https://www.econbiz.de/10011597068
-- 11. Reforming EMU's fiscal rules -- 12. National budgets and the EU budget -- 13. Postscript : a new stability and growth …
Persistent link: https://www.econbiz.de/10011852061
critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy …
Persistent link: https://www.econbiz.de/10014190775
critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy …
Persistent link: https://www.econbiz.de/10012991065
The Stability and Growth Pact has been under fire ever since it was born. But is the Pact a flawed fiscal rule? Against established criteria for an ideal fiscal rule, its design and compliance mechanisms show strengths and weaknesses. The latter tend to reflect tradeoffs typical of...
Persistent link: https://www.econbiz.de/10014062222
Under numerical fiscal rules, such as those underpinning EMU, governments have strong temptations to use accounting tricks to meet the fiscal constraints. Given these political incentives, fiscal variables that in the past were regarded as a mere residual acquire a strategic role. This is the...
Persistent link: https://www.econbiz.de/10012716093
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
Persistent link: https://www.econbiz.de/10012609165
critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy …
Persistent link: https://www.econbiz.de/10012765709
This paper examines economic policy interactions in the Economic and Monetary Union when the assessment of cyclical conditions in real time is surrounded by uncertainty. On the basis of a simple stylised model it shows that with a Nash-type of interaction different views about the output gap on...
Persistent link: https://www.econbiz.de/10012769738