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Fiscal policy and monetary integration in Europe : an update
Candelon, Bertrand; Muysken, Joan; Vermeulen, Robert - In: Oxford economic papers 62 (2010) 2, pp. 323-349
Persistent link: https://www.econbiz.de/10003958896
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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
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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
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Fiscal policy and monetary integration in Europe
Galí, Jordi; Perotti, Roberto - In: Economic policy : a European forum (2003), pp. 535-572
Persistent link: https://www.econbiz.de/10001804417
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Fiscal Policy and Monetary Integration in Europe : An Update
Candelon, Bertrand - 2011
By distinguishing between discretionary and non-discretionary fiscal policy, this paper analyses the stability of fiscal rules for EMU countries before and after the Maastricht Treaty. Using both Instrumental Variables and GMM techniques, it turns out that discretionary fiscal policy has...
Persistent link: https://www.econbiz.de/10013133741
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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
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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
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Fiscal Policy and Monetary Integration in Europe
Galí, Jordi; Perotti, Roberto - 2021
A popular view among economists, policymakers, and the media, is that the Maastricht Treaty and then Stability and Growth Pact have significantly impaired the ability of EU governments to conduct a stabilizing fiscal policy and to provide an adequate level of public infrastructure. In this...
Persistent link: https://www.econbiz.de/10013239944
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Fiscal Policy and Monetary Integration in Europe
Gali, Jordi - 2003
A popular view among economists, policymakers, and the media, is that the Maastricht Treaty and then Stability and Growth Pact have significantly impaired the ability of EU governments to conduct a stabilizing fiscal policy and to provide an adequate level of public infrastructure. In this...
Persistent link: https://www.econbiz.de/10012468923
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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