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Die Landesregierung hat im August 2021 einen Entwurf für den Haushalt 2022 mit einem Volumen von 87,5 Mrd. Euro … Corona-Krise" aufgefangen, das mit einer Kreditermächtigung von bis zu 25 Mrd. Euro ausgestattet wurde. Mit der bisherigen … Planung ist der Rettungsschirm voll ausgeschöpft. Es fehlt eine Perspektive für eine stärkere Unterstützung der Kommunen im …
Persistent link: https://www.econbiz.de/10012882634
Fiscal policy choices have a particularly significant impact on economic performance in oil-exporting countries, owing to the importance of the oil sector in the economy and the fact that in most countries oil revenues accrue to the government. At the same time, fiscal policy in oil-centred...
Persistent link: https://www.econbiz.de/10011606256
The financial crisis and recession have left a legacy of unusually large fiscal deficits and growing sovereign debt levels in most advanced economies. The paper uses recent research from the IMF to throw light on two questions: how much fiscal space is available to advanced countries before they...
Persistent link: https://www.econbiz.de/10011430862
inadequate policy and institutional design. The euro zone crisis is not related to fiscal negligence only; over-borrowing by the …
Persistent link: https://www.econbiz.de/10011430884
This paper contributes to the ongoing debate on fiscal consolidation and the questionable effectiveness of the Stability and Growth Pact by addressing the problem of economic governance in the EMU with a game-theoretic principal-agent approach. Following the theory of delegation, we develop a...
Persistent link: https://www.econbiz.de/10011430918
Euro Area member states have agreed to introduce a structural budget balance target to their national legislation …
Persistent link: https://www.econbiz.de/10012037631
the main implications to the euro area and to the debate on common fiscal instruments. …
Persistent link: https://www.econbiz.de/10012037658
The report analyses the fiscal and macroeconomic environment in the lagging regions and the relevant Member States of the EU, as a sound and sustainable macroeconomic framework is a necessary, but by itself not a sufficient precondition for investment and growth in the regions. It starts with...
Persistent link: https://www.econbiz.de/10012100157
This report is an annex to wiiw Research Report 421, 'Economic Challenges of Lagging Regions I Fiscal and Macroeconomic Environment'. It provides eight detailed country case studies, analysing the fiscal and macroeconomic environment in Bulgaria, Greece, Hungary, Italy, Poland, Portugal, Romania...
Persistent link: https://www.econbiz.de/10012100161
This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an introduction to the topic, chapter 2 shows that the institutional setting of fiscal policy making needs to be considered when assessing the sustainability of fiscal policy. Using...
Persistent link: https://www.econbiz.de/10011698353