The sovereign debt crisis triggered a process of reforms in European economic governance that pushed for technocratic handling of budget decisions following standardized procedures, target measures, and indicators for fiscal monitoring. This shift, aimed at producing more stability and less...

In this paper, we set out to examine an efficient fiscal-policy framework for a monetary union. We illustrate that fiscal policy’s bias toward budget deficit only temporarily ceased at the end of the 20th century as European countries endeavored to qualify for euro-zone membership, which...

Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend-and-tax causality for Italy, France, Spain, Greece, and...

In diesem Diskussionspapier werden Ergebnisse einer Untersuchung zu den Auswirkungen der EU-Osterweiterung auf den EU-Haushalt im Agrarbereich vorgestellt. Die Berechnungen wurden mit dem am IAMO entwickelten partialen Gleichgewichtsmodell 'Central and Eastern European Countries Agricultural...