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Reducing sovereign debt levels in the post-Covid Eurozone with a simple deficit rule
Jost, Thomas; Tödter, Karl-Heinz - 2021
Debt levels in the eurozone have reached new record highs. The member countries have tried to cushion the economic … as well as with the hypothetical application of the new fiscal rule to eurozone economies from 2022 to 2026. Finally, we … take up the recent proposal by ESM economists to increase the permissible debt ratio from 60 to 100% of GDP in the eurozone. …
Persistent link: https://www.econbiz.de/10012798538
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Uniting European fiscal rules : how to strenghten the fiscal framework
Christofzik, Désirée I.; Feld, Lars P.; Reuter, Wolf … - 2018
The current European fiscal framework is highly complex. The multitude of fiscal rules and the discretion in their enforcement precludes an effective oversight and weakens the effectiveness of fiscal rules substantially. Against this background, we present a proposal for a careful refocusing of...
Persistent link: https://www.econbiz.de/10011898769
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The euro at twenty : follies of youth?
Cabral, Ricardo; Louçã, Francisco - 2019
Persistent link: https://www.econbiz.de/10011961475
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On selling sovereigns held by the ECB to the ESM : institutional and economic policy implications
Avgouleas, Emilios; Micossi, Stefano - 2021
Persistent link: https://www.econbiz.de/10012508990
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The effectiveness of cyclically adjusted budget rules in the European Union
Wijsman, Sebastiaan - 2019
Persistent link: https://www.econbiz.de/10012049378
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Fiscal targeting
Barnichon, Régis; Mesters, Geert - 2021
Persistent link: https://www.econbiz.de/10012820941
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Fiscal targeting
Barnichon, Régis; Mesters, Geert - 2021
Persistent link: https://www.econbiz.de/10012806295
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Deficit policy within the framework of the stability and growth pact : empirical results and lessons for the fiscal compact
Afflatet, Nicolas - 2016
This paper examines the question whether joining EMU or the breach of the Stability and Growth Pact in 2003 had an impact on the deficit policy of member states. The empirical analysis gives no hint for an alteration of deficit policy after having joined EMU or after having breached the Pact in...
Persistent link: https://www.econbiz.de/10011488439
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Fiscal rules in a post-Covid brave new world : no need to sprint
Gros, Daniel; Corti, Francesco - 2021
Persistent link: https://www.econbiz.de/10012659265
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Fiscal discipline in EMU? : testing the effectiveness of the excessive deficit procedure
Jong, Jasper de; Gilbert, Niels - 2018
Persistent link: https://www.econbiz.de/10011915307