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Determinants of budget deficits in Europe : the role and relations of fiscal rules, fiscal councils, creative accounting and the Euro

Maltritz, Dominik; Wüste, Sebastian - In: Economic modelling 48 (2015), pp. 222-236

Persistent link: https://www.econbiz.de/10011454092

Which is the optimal fiscal rule in a monetary union? : targeting the structural, the global budgetary deficit, or the public debt?

Menguy, Séverine - In: Cogent economics & finance 2 (2014) 1, pp. 2-20

The aim of our paper is to contribute to the debate on optimal fiscal rules in a monetary union: in terms of global budgetary deficit, of structural budgetary deficit, or of public debt. Indeed, these rules seem to be mixed in the framework of the European Economic and Monetary Union, with the...

Persistent link: https://www.econbiz.de/10010482338

Impact of fiscal institutions on public finances in the European Union : review of evidence in the empirical literature

Gorčák, Martin; Šaroch, Stanislav - In: Národohospodářský obzor : časopis věnovaný … 21 (2021) 2, pp. 215-232

This paper examines the impact of budgetary institutions on public finances in the European Union on the basis of a critical survey of the relevant theoretical and empirical literature. In general, the authors find that fiscal institutions (namely fiscal rules) have successfully contributed to...

Persistent link: https://www.econbiz.de/10012598898

What determines fiscal deficits in Europe? : the impact and interaction of EMU membership, fiscal rules, fiscal councils and creative accounting

Maltritz, Dominik; Wüste, Sebastian - In: Review of economics 71 (2020) 1, pp. 15-41

Persistent link: https://www.econbiz.de/10012299908

Investment and the golden rule in the European Union

Marinescu, Ada Cristina - In: Financial studies 22 (2018) 1, pp. 53-63

We will study in this paper the relation between public investment, public debt and fiscal rules in the European Union countries. The strict fiscal rules imposed by EU have negatively affected the investments. The decline in public investment in European Union is related to the fiscal rules...

Persistent link: https://www.econbiz.de/10011964940

Reducing sovereign debt levels in the post-Covid Eurozone with a simple deficit rule

Jost, Thomas; Tödter, Karl-Heinz - 2021

Debt levels in the eurozone have reached new record highs. The member countries have tried to cushion the economic … as well as with the hypothetical application of the new fiscal rule to eurozone economies from 2022 to 2026. Finally, we … take up the recent proposal by ESM economists to increase the permissible debt ratio from 60 to 100% of GDP in the eurozone. …

Persistent link: https://www.econbiz.de/10012798538