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that the current EU budget setting is, at best, neutral with respect to the EU-wide long-term growth potential and may …This paper analyses the European budget and the position of the ten new member states. We argue that the EU budget … should be reconsidered, as the Union has expanded to 27 member states and has become more heterogeneous. The budget …
Persistent link: https://www.econbiz.de/10012776902
This paper measures the net redistributive impact of the EU budget. It finds that for every € 1,000 difference in … income per capita across countries, € 9 is offset by lower contributions to the budget and € 3 is offset by higher … expenditures by the budget. The overall equalising effect is small (1.1%) and mainly depends on the revenue side, in particular on …
Persistent link: https://www.econbiz.de/10011565639
The European debt crisis triggered a debate on the lacking components of the EU and EMU integration architecture. Many believe that a common currency requires closer fiscal and political integration as a condition for its survival. This opinion is not necessarily supported by the experience of...
Persistent link: https://www.econbiz.de/10010187949
Regional disparities within the European Union have always been perceived as an impediment to monetary integration. This is why discussions on a joint currency, from their very beginning, were linked to compensatory payments in the form of regional policy payments. Structural assistance to poor...
Persistent link: https://www.econbiz.de/10013043888
) that de-growth is necessary, ii) that the market economy is part of the problem rather than part of the solution to climate …
Persistent link: https://www.econbiz.de/10012166055
of budget governance can be improved by using a comprehensive approach only that will help to cover the broadest range of … be placed on resolution of the issues of budget system restructuring, higher transparency of the state procurement system … and optimization of certain budget procedures. As a favorable institutional environment evolves in the country, any …
Persistent link: https://www.econbiz.de/10013114446
Short-term fiscal indicators based on public accounts data are often used by European policy makers. They represent one of the main sources of publicly available intra-annual fiscal information. Nevertheless, these indicators have received limited attention from the academic literature analysing...
Persistent link: https://www.econbiz.de/10013316531
fiscal policy's bias toward budget deficit only temporarily ceased at the end of the 20th century as European countries … the EU's Stability and Growth Pact, suffer from the same endogeneity flaw. Consequently, we argue that a fiscal rule must …
Persistent link: https://www.econbiz.de/10013318404
Building on the automatic fiscal stabilisers literature, this paper assesses how automatic stabilisers have evolved over the past two decades by analysing changes in the personal income tax and social benefit systems. In three-quarters of the 35 OECD countries analysed, indicators of the...
Persistent link: https://www.econbiz.de/10012421097
comparably better with regard to the stabilization objective than budget or debt rules. …
Persistent link: https://www.econbiz.de/10012319571