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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
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Investment and the golden rule in the European Union
Marinescu, Ada Cristina - In: Financial studies 22 (2018) 1, pp. 53-63
We will study in this paper the relation between public investment, public debt and fiscal rules in the European Union countries. The strict fiscal rules imposed by EU have negatively affected the investments. The decline in public investment in European Union is related to the fiscal rules...
Persistent link: https://www.econbiz.de/10011964940
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Impact of fiscal institutions on public finances in the European Union : review of evidence in the empirical literature
Gorčák, Martin; Šaroch, Stanislav - In: Národohospodářský obzor : časopis věnovaný … 21 (2021) 2, pp. 215-232
This paper examines the impact of budgetary institutions on public finances in the European Union on the basis of a critical survey of the relevant theoretical and empirical literature. In general, the authors find that fiscal institutions (namely fiscal rules) have successfully contributed to...
Persistent link: https://www.econbiz.de/10012598898
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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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Determinants of budget deficits in Europe : the role and relations of fiscal rules, fiscal councils, creative accounting and the Euro
Maltritz, Dominik; Wüste, Sebastian - In: Economic modelling 48 (2015), pp. 222-236
Persistent link: https://www.econbiz.de/10011454092
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Why 3 and 60 per cent? : the rationale of the reference values for fiscal deficits and debt in the European Economic and Monetary Union
Priewe, Jan - In: European journal of economics and economic policies : … 17 (2020) 2, pp. 111-126
Persistent link: https://www.econbiz.de/10012321766
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What do deficits tell us about debt? : empirical evidence on creative accounting with fiscal rules in the EU
Hagen, Jürgen von; Wolff, Guntram B. - 2006
Fiscal rules, such as the Excessive Deficit Procedure and the Stability and Growth Pact (SGP), aim at constraining government behavior. Milesi-Ferretti (2003) develops a model in which governments circumvent such rules by reverting to creative accounting. The amount of this depends on the...
Persistent link: https://www.econbiz.de/10010366529
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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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Testing EU fiscal surveillance : how sensitive is it to variations in output gap estimates?
Langedijk, Sven; Larch, Martin - In: International review of applied economics 25 (2011) 1, pp. 39-60
Persistent link: https://www.econbiz.de/10008842327
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A new framework for fiscal policy consolidation in Europe
Bofinger, Peter; Ried, Stefan - 2010
Current developments in Greece make clear that the rules of the European Stability and Growth Pact (SGP) were neither strict enough nor enforced strictly enough. To deal with the ongoing fiscal exit and its related phenomena of crisis, we propose a new framework for fiscal policy consolidation...
Persistent link: https://www.econbiz.de/10009751385