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similar contexts where (i) a policymaker cannot commit, and (ii) forward-looking agents determine a state variable to which …
Persistent link: https://www.econbiz.de/10009639397
impose costs on society rather than benefits. While rational expectations and perfect credibility are generally beneficial with …
Persistent link: https://www.econbiz.de/10009635890
In this paper we assess the importance given in capital markets to the credibility of the European fiscal framework. We …
Persistent link: https://www.econbiz.de/10009636526
The volatility of general government tax revenues has increased in Poland in recent years. The correlation between GDP growth and revenue growth appears to be lower in Poland than in many other EU Member States, which suggests that the instability of its revenues has a different. This Country...
Persistent link: https://www.econbiz.de/10009641087
National fiscal frameworks can complement the EU budgetary surveillance procedure. Poland has traditionally had a debt rule, but it did not discourage governments from running high deficits. High expenditure (mainly on social benefits) has been identified as one of the main sources of large...
Persistent link: https://www.econbiz.de/10009641139
Persistent link: https://www.econbiz.de/10009635934
Persistent link: https://www.econbiz.de/10009635990
This study provides a background for the preparation of the Broad Economic Policy Guidelines (BEPG) 2003 and assists the EP in putting forward recommendations in supply-side issues covered in the BEPGs. The report looks at investment, progress in opening markets, integration of financial...
Persistent link: https://www.econbiz.de/10009636099
The European Network of Economic Policy Research Institutes (ENEPRI) brings together twenty-four leading national economic policy research institutes from most of the EU-27 countries. The goals of the network are to foster the international diffusion of existing research, co-ordinate research...
Persistent link: https://www.econbiz.de/10009636689
has pushed through deeply controversial reforms of the Turkish state, to comply with EU accession requirements. The EU is …
Persistent link: https://www.econbiz.de/10009636766