Narrow search
Showing 1 - 10 of 257,212
Cover Image
To consolidate or not to consolidate? : a multi-step analysis to assess needed fiscal sustainability
Afonso, António; Alves, José; Jalles, João Tovar - 2022
We assess the specific need (or its absence) of a country to implement a fiscal consolidation programme by focusing specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a primary balance above or below the...
Persistent link: https://www.econbiz.de/10012938962
Cover Image
Euro-area fiscal stance : from theory to practical implementation
Bénassy-Quéré, Agnès - 2016
Despite large automatic stabilizers, the performance of the Euro area as a whole in terms of fiscal stabilization is relatively poor. This report argues that a meaningful fiscal stance for the Euro area should rely on the current account as a complement to the output gap, and be coordinated only...
Persistent link: https://www.econbiz.de/10011521835
Cover Image
Fiscal policy and rebalancing in the Euro area : a critique of the German debt brake from a Post-Keynesian perspective
Hein, Eckhard; Truger, Achim - 2013
The German debt brake is often regarded as a great success story, and has therefore served as a role model for the Euro area and its fiscal compact. In this paper we fundamentally criticize the debt brake. We show that (1) it suffers from serious shortcomings, and its success is far from certain...
Persistent link: https://www.econbiz.de/10010187671
Cover Image
Trust in government and fiscal adjustments
Bursian, Dirk; Weichenrieder, Alfons J.; Zimmer, Jochen - 2013
The paper looks at the determinants of fiscal adjustments as reflected in the primary surplus of countries. Our conjecture is that governments will usually find it more attractive to pursue fiscal adjustments in a situation of relatively high growth, but based on a simple stylized model of...
Persistent link: https://www.econbiz.de/10009764994
Cover Image
Trust in government and fiscal adjustments
Bursian, Dirk; Weichenrieder, Alfons J.; Zimmer, Jochen - 2013
The paper looks at the determinants of fiscal adjustments as reflected in the primary surplus of countries. Our conjecture is that governments will usually find it more attractive to pursue fiscal adjustments in a situation of relatively high growth, but based on a simple stylized model of...
Persistent link: https://www.econbiz.de/10010225802
Cover Image
Trust in government and fiscal adjustments : conference paper
Bursian, Dirk; Weichenrieder, Alfons J.; Zimmer, Jochen - 2014
The paper looks at the determinants of fiscal adjustments as reflected in the primary surplus of countries. Our conjecture is that governments will usually find it more attractive to pursue fiscal adjustments in a situation of relatively high growth, but based on a simple stylized model of...
Persistent link: https://www.econbiz.de/10010483952
Cover Image
An investment initiative for fiscally constrained EU member states : the role of synergetic financial instruments
Zeilbeck, Severin - 2015
The economy of the European Union has not recovered from the impact of the economic and financial crisis. Growth rates remain low and investment activity is weak. This questions current economic policies of the Economic and Monetary Union, known as austerity. In opposition to fiscal contraction...
Persistent link: https://www.econbiz.de/10011380141
Cover Image
Austerity, cyclical adjustment and the remaining leeway for expansionary fiscal policies in the Euro area
Truger, Achim - 2014
Fiscal policy in the Euro area is still dominated by austerity measures implemented under the institutional setting of the 'reformed' stability and growth pact, and the even stricter 'fiscal compact'. At the same time, calls for a more expansionary fiscal policy to overcome the economic crisis...
Persistent link: https://www.econbiz.de/10010424293
Cover Image
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
Cover Image
Austerity, cyclical adjustment and the remaining leeway for expansionary fiscal policies within the current EU fiscal framework
Truger, Achim - 2015
Fiscal policy in the Euro area is still dominated by austerity measures implemented under the institutional setting of the 'reformed' stability and growth pact, and the even stricter 'fiscal compact'. At the same time, calls for a more expansionary fiscal policy to overcome the economic crisis...
Persistent link: https://www.econbiz.de/10010511177