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Implementing the golden rule for public investment in Europe : safeguarding public investment and supporting the recovery

Truger, Achim - 2015

Most parts of the Euro area have seen seven years of deep economic crisis. The strategy of tightening the fiscal constraints of the SGP has driven many member states into austerity. In contrast, the golden rule of public investment proposed in this study would be one important element of the...

Persistent link: https://www.econbiz.de/10011336549

The myth of austerity. empirical evidence from the eurozone countries

Wildowicz-Giegiel, Anna - In: E-Finanse : finansowy kwartalnik internetowy 15 (2019) 2, pp. 8-19

The paper discusses the impact of austerity policy on economic performance in the eurozone countries after the global … macroeconomic conditions which accompanied it and the impact of such policy on economic growth in the eurozone countries. The … Method of Moments was used. Data from 2010-17 for the eurozone countries served to prove the existence of a key negative …

Persistent link: https://www.econbiz.de/10012104382

Learning about fiscal multipliers during the European sovereign debt crisis : evidence from a quasi-natural experiment

Gόrnicka, Lucyna; Kamps, Christophe; Koester, Gerrit; … - 2018

Identifying fiscal multipliers is usually constrained by the absence of a counterfactual scenario. Our new data set allows overcoming this problem by making use of the fact that recommendations under the EU's excessive deficit procedure (EDP) provide both a baseline no-policy-change scenario and...

Persistent link: https://www.econbiz.de/10011856496

Government balance-consistent economic growth rates and their implications : a study of the Euro area countries

Pattichis, Charalambos - In: European journal of government and economics : EJGE 9 (2020) 3, pp. 220-231

Using the model derived by Bajo-Rubio (2014), this paper estimates government budget balance-consistent growth rates for the euro area countries. A comparison of these estimates to their actual growth rates indicates that most of these countries are growing at rates that are very similar to...

Persistent link: https://www.econbiz.de/10012489723

Es glänzt nicht alles, was gold ist : Wachstums- und Wohlfahrtswirkungen von Budgetregeln

Groneck, Max (contributor) - 2008

Persistent link: https://www.econbiz.de/10003796103

Sustainable Debt Policy Rules and Growth in a Small Open Economy Model : Is a Balanced Government Budget Worthwhile?

Dascher, Fabienne Lara - 2020

economic growth theory. For the government it is possible to run into debt, but, the primary surpulus is a positive linear …

Persistent link: https://www.econbiz.de/10012843238

Fiscal Rules, Public Investment, And Growth

Serven, Luis - 2007

Solvency is an intertemporal concept, relating to the present value of revenues and expenditures, and encompassing both assets and liabilities. But the standard practice among policy makers, financial market participants and international financial institutions is to assess the strength of the...

Persistent link: https://www.econbiz.de/10010521527

Fiscal Rules, Public Investment, and Growth

Serv??n, Luis - 2012

Persistent link: https://www.econbiz.de/10012552830

Fiscal Rules, Public Investment, and Growth

Servén, Luis - 2016

Persistent link: https://www.econbiz.de/10012747575

The SGP fiscal rule in the case of sluggish growth : some alternative simulations

Neck, Reinhard - In: The stability and growth pact : experiences and future …, (pp. 243 - 259). 2007

Persistent link: https://www.econbiz.de/10014556989

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