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The paper analyses the medium-term objectives (MTOs) recently adopted by the EU Member States as a reference for the … multilateral budgetary surveillance, assessing the ability of the new MTOs to promote long-term fiscal sustainability. The paper … calibrates the (yet undisclosed) algorithm for computing the minimum budgetary targets that EU countries can declare as MTO and …
Persistent link: https://www.econbiz.de/10013136690
The euro area is experiencing a severe and highly complex crisis. It comprises three problem areas, the diffi culties of some highly indebted European sovereigns to ascertain funding at palatable cost, the disconcerting fragility of the European banking system and disappointing growth prospects...
Persistent link: https://www.econbiz.de/10013083667
sustainability outcomes? We approach this question by looking at the evolution of fiscal sustainability in Poland, which is an … interesting case of a member state that without significant market pressure (the only EU country without recession during the … crisis) actively promoted several changes in the EU fiscal framework (e.g. 6-pack) and effectively internalized some of these …
Persistent link: https://www.econbiz.de/10012908672
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sustainability outcomes? We approach this question by looking at the evolution of fiscal sustainability in Poland, which is an … interesting case of a member state that without significant market pressure (the only EU country without recession during the … crisis) actively promoted several changes in the EU fiscal framework (e.g. 6-pack) and effectively internalized some of these …
Persistent link: https://www.econbiz.de/10011900847
The paper analyses the medium-term objectives (MTOs) recently adopted by the EU Member States as a reference for the … multilateral budgetary surveillance, assessing the ability of the new MTOs to promote long-term fiscal sustainability. The paper … calibrates the (yet undisclosed) algorithm for computing the minimum budgetary targets that EU countries can declare as MTO and …
Persistent link: https://www.econbiz.de/10013112377