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The sustainability of public finances and fiscal policy coordination in the EMU
Hagen, Jürgen von - 2010
The financial crisis of 2007-2009 led to a renewed increase in government deficits and debts in many EU countries, causing a full-fledged fiscal crisis in Greece and severe fiscal pressures in other euro-area countries. This has prompted a series of proposals for improving the fiscal framework...
Persistent link: https://www.econbiz.de/10008664982
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Stability criteria and convergence : the role of the system of national accounts for fiscal policy in Europe
Brück, Tilman; Cors, Andreas; Zimmermann, Klaus F.; … - 2002
forecasts of budget deficits. Yet national accounts data of the eurozone countries are now a reliable basis for macroeconomic … policy decisions. The stability and growth pact of the eurozone countries relies heavily on one indicator of fiscal … eurozone governments. …
Persistent link: https://www.econbiz.de/10011437135
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Stability Criteria and Convergence : The Role of the System of National Accounts for Fiscal Policy in Europe
Brück, Tilman; Cors, Andreas; Zimmermann, Klaus F.; … - 2003
forecasts of budget deficits. Yet national accounts data of the eurozone countries are now a reliable basis for macroeconomic … policy decisions. The stability and growth pact of the eurozone countries relies heavily on one indicator of fiscal … eurozone governments …
Persistent link: https://www.econbiz.de/10014088820
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Stability criteria and convergence : the role of the system of national accounts for fiscal policy in Europe
Brück, Tilman (contributor) - 2002
Persistent link: https://www.econbiz.de/10013436274
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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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The sustainability of public finances and fiscal policy coordination in the EMU
von Hagen, Jürgen - 2010
The financial crisis of 2007-2009 led to a renewed increase in government deficits and debts in many EU countries, causing a full-fledged fiscal crisis in Greece and severe fiscal pressures in other euro-area countries. This has prompted a series of proposals for improving the fiscal framework...
Persistent link: https://www.econbiz.de/10011430851
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Does it pay to fulfill the Maastricht convergence criteria? : reflections on the public debt and growth nexus for selected European economies
Bökemeier, Bettina; Clemens, Christiane - 2016
the public budget and participation in the Euro-zone. The analysis is based on data of European economies with a special … focus on twelve Euro-zone members and a control group of six non-Euro countries for the years from 1970 to 2014. The results … European economies outside the Euro-zone shows higher growth values for Euro-members than for the control group. Regression …
Persistent link: https://www.econbiz.de/10011557773
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Which is the optimal fiscal rule in a monetary union? : targeting the structural, the global budgetary deficit, or the public debt?
Menguy, Séverine - In: Cogent economics & finance 2 (2014) 1, pp. 2-20
The aim of our paper is to contribute to the debate on optimal fiscal rules in a monetary union: in terms of global budgetary deficit, of structural budgetary deficit, or of public debt. Indeed, these rules seem to be mixed in the framework of the European Economic and Monetary Union, with the...
Persistent link: https://www.econbiz.de/10010482338
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The Economic and Monetary Union : Current and Future Prospects
Arestis, Philip; Sawyer, Malcolm C. - 2000
The euro was adopted as legal tender, albeit in a virtual form, by 11 countries of the European Union on January 1, 1999, with the intention that notes and coins denominated in euros would be introduced and the national currencies would be phased out during the first six months of that year and...
Persistent link: https://www.econbiz.de/10014177152
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An Alternative Stability Pact for the European Union
Arestis, Philip; McCauley, Kevin; Sawyer, Malcolm C. - 2000
This paper proposes an alternative stability and growth pact among European Union (EU) governments that would underpin the introduction of a single currency and a "single market" within the EU. The alternative pact embraces a number of new aspects of integration within the EU that are based on a...
Persistent link: https://www.econbiz.de/10014162532