The concept of the "quality of public finances" (QPF) covers many qualitative and structural issues of fiscal policy. This chapter traces the origins of the concept of QPF to the Lisbon Strategy and the subsequent EPC Working Group on "Quality of Public Finances" (2004‐2007). At its core, the...

In its current setup, the European Union is often characterised as slow, decision-impeding, inefficient and therefore not really ready for enlargement. The pandemic, the war in Ukraine, the energy crisis and the increasingly uncertain role in the global economy have further increased the high...

Die Corona-Pandemie, der Klimawandel, die demographischen Veränderungen, die marode Infrastruktur - das sind Herausforderungen, die nach einer neuen Finanzpolitik verlangen. Nach Jahren der Versäumnisse muss sie die Grundlagen für die notwendigen Investitionen in die Zukunft schaffen. Welche...

In this paper we review the linkages between the quality of public finances, that is, the level and composition of public expenditure and its financing via revenue and deficits, and economic growth. We review the various channels through which public finances affect growth and its underlying...