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Fiscal rule infringement risks : a stochastic characterization of EMU budgets and their discipline

Van Der Wielen, Wouter - 2015

Persistent link: https://www.econbiz.de/10011291422

Fiscal Rule Infringement Risks : A Stochastic Characterization of EMU Budgets and Their Discipline

van der Wielen, Wouter - 2015

With the recent debt crisis, the necessity of effective measures for safeguarding fiscal sustainability has become patent, leading to an intense debate. Most of the debate focuses on strengthening fiscal rules and restoring fiscal imbalances through austerity measures. In this paper, I address...

Persistent link: https://www.econbiz.de/10013020591

The EMU consolidation game - or: does 3.0 really mean 3.0?

Heinemann, Friedrich - 1998

Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...

Persistent link: https://www.econbiz.de/10011441024

The EMU consolidation game - or: Does 3.0 really mean 3.0?

Heinemann, Friedrich - 1998

Persistent link: https://www.econbiz.de/10013428121

The golden rule of public investment : a necessary and sufficient reform of the EU fiscal framework?

Truger, Achim - 2016

proposes the introduction of the traditional public finance golden rule into the EU/Eurozone fiscal framework (Stability and … (SWP) und Fiskalpakt(FP) der EU/Eurozone. Eine solche Regel würde die öffentlichen (Netto-)Investitionen in geeigneter … Finanzpolitik insgesamt größere Spielräume einräumen und die öffentlichen Investitionen als besonders wachstumsrelevante öffentliche …

Persistent link: https://www.econbiz.de/10011477456

Fiscal policy under alternative fiscal discipline regimes in a currency union

Zeyneloglu, Irem - In: Ekonomický časopis : časopis pre ekonomickú … 66 (2018) 2, pp. 159-180

Persistent link: https://www.econbiz.de/10012152754

Fiscal consolidation in the euro area : long-run benefits and short-run costs

Coenen, Günter (contributor); Mohr, Matthias (contributor); … - 2008

In this paper, we examine the macroeconomic effects of alternative fiscal consolidation policies in the New Area-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al., 2007). We model fiscal consolidation as a permanent...