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What is European Integration Really About? A Political Guide for Economists

Spolaore, Enrico - National Bureau of Economic Research (NBER) - 2013

Europe's monetary union is part of a broader process of integration that started in the aftermath of World War II. In this "political guide for economists" we look at the creation of the euro within the bigger picture of European integration. How and why were European institutions established?...

Persistent link: https://www.econbiz.de/10010950780

The roles of fiscal rules, fiscal councils and fiscal union in EU integration

Calmfors, Lars - 2015

EU-level fiscal rules have not been able to prevent the large-scale accumulation of government debt in many eurozone countries. One explanation was major flaws in the rules. Some of these flaws have now been corrected. But the failure of the rules depended also on fundamental problems of time...

Persistent link: https://www.econbiz.de/10011442466

From the stability pact to ESM: What next?

Buch, Claudia M. - 2012

Europe is struggling with the resolution of the severe debt crisis and is in the process of overhauling its institutional set up. One element of the reform agenda is the European Stability Mechanism (ESM) which is intended to provide liquidity assistance to countries in case financial stability...

Persistent link: https://www.econbiz.de/10010314776

From the stability pact to ESM : what next?

Buch, Claudia M. - 2012

Persistent link: https://www.econbiz.de/10009751305

Restoring Stability to Europe

Shelburne, Robert C. - 2013

can restore economic stability and growth to the region …

Persistent link: https://www.econbiz.de/10013080282

From the Stability Pact to ESM - What next?

Buch, Claudia M. - Institut für Angewandte Wirtschaftsforschung (IAW) - 2012

Persistent link: https://www.econbiz.de/10010762084

Reviving fiscal policy in Europe: towards an implementation of the golden rule of public investment

Truger, Achim - In: European Journal of Economics and Economic Policies: … 13 (2016) 1, pp. 57-71

accepted in traditional public finance and can deliver both intergenerational fairness as well as more growth and employment … preventative and the corrective arms of the Stability and Growth Pact as well as the Fiscal Compact. That way, fiscal policy would … be upgraded and would receive more room for manoeuvre and public investment as a particularly growth-enhancing public …

Persistent link: https://www.econbiz.de/10014363254

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

Truger, Achim - 2016

growth pact (SGP), Fiscal Compact (FC)). Such a rule would exempt public (net) investment suitably defined from the relevant … upgraded and receive larger room for manoeuvre and public investment as a particularly growth enhancing public expenditure …

Persistent link: https://www.econbiz.de/10011522248

Australia's Fiscal Framework : Revisiting Options for a Fiscal Anchor

Dizioli, Allan - 2018

This paper revisits options for fiscal anchors in Australia against the backdrop of a medium-term budget balance anchor that has led to larger than expected upward drift in the net debt to GDP ratio since the end of the mining investment boom. The IMF's G20MOD model is used to compare the budget...

Persistent link: https://www.econbiz.de/10012929922

Fiscal rule and public investment in Chile

Fuentes S. M., J. Rodrigo; Schmidt-Hebbel, Klaus; Soto, … - 2021

This paper reviews the design and operation of the Chilean fiscal rule in the past 30 years. Using different empirical approaches, we assess its impact on fiscal procyclicality, public debt, and public investment. While there has been substantial progress in building a modern institutional...

Persistent link: https://www.econbiz.de/10012586739