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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
We analyse the performance of budgetary and growth forecasts of all stability and convergence programmes submitted by EU member states over the last decade. Differences emerge for the bias in budgetary projections across countries. As a second step we explore whether economic, political and...
Persistent link: https://www.econbiz.de/10009636530
Persistent link: https://www.econbiz.de/10009638734
This study aims at evaluating the achievements of the Commissions administrative reform objectives presented in the 2000 White Paper, concerning the introduction of tools for the definition of priorities, and a better allocation and use of resources (ABM). It addresses the three main following...
Persistent link: https://www.econbiz.de/10009638853
This manual provides a detailed insight into the sources and methods used by countries to compile the data on quarterly financial accounts for general government. It presents the information in a structured way so that cross-country comparisons can be made. The manual will be updated in the...
Persistent link: https://www.econbiz.de/10011710209
Overall, household debt levels have risen sharply over the past decades in EU Member States. While certain levels of household debts can be beneficial, they can become problematic especially with a sudden, unexpected decrease of incomes or increase of expenditures. The current financial crisis...
Persistent link: https://www.econbiz.de/10011903923
Household over-indebtedness is among the causes of the current financial crisis. In turn, the crisis exacerbated both public and private debt problems. In this paper, household over-indebtedness is broadly defined as the situation where a household cannot comply with payment requirements –...
Persistent link: https://www.econbiz.de/10011903924
Persistent link: https://www.econbiz.de/10011624951
The overall objective of the present study is to improve the quality the EC and other donors’ media support by providing an analyses of the EC ́s assistance so far and recommendations on future strategies and modalities. This present report focuses on the activities so far, while a separate...
Persistent link: https://www.econbiz.de/10011887673