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Is public debt environmentally friendly? : the role of EU fiscal rules on environmental quality : an empirical assessment

Carnazza, Giovanni; Renström, Thomas I.; Spataro, Luca - 2023

The EU has embarked on multiple initiatives reflecting its commitment to environmental enhancement and sustainable transitions. Notable among these are the European Green Deal and the NextGenerationEU recovery plan, both pivotal in fostering eco-friendly policies and sustainable practices within...

Persistent link: https://www.econbiz.de/10014445352

Fiscal rules to the test : the impact of the Spanish expenditure rule

Herrero, Ana; Martín-Román, Javier; … - In: European journal of political economy 81 (2024), pp. 1-41

Persistent link: https://www.econbiz.de/10014547021

Government debt, European institutions and fiscal rules : a synthetic control approach

Krämer, Robert; Lehtimäki, Jonne - In: International tax and public finance 31 (2024) 4, pp. 1112-1157

Persistent link: https://www.econbiz.de/10015056462

The new fiscal rules : another round of austerity for Europe?

Watzka, Sebastian - 2024

This policy brief presents the new EU fiscal rules with a focus on its core element, the so-called debt-sustainability-analysis (DSA). Our results suggest first that the new rules will lead to substantial fiscal consolidation in the next years albeit less severe than the austerity measures...

Persistent link: https://www.econbiz.de/10015062405

Fiscal rules in good times and bad

2020

I estimate fiscal reaction functions to analyze the cyclical behavior of discretionary measures in the euro area and the potential impact of changes in the fiscal framework. The core is to analyze whether fiscal rules have an asymmetric impact on discretionary measures over the cycle. First,...

Persistent link: https://www.econbiz.de/10012319571

The return of fiscal policy and the euro area fiscal rule

Constâncio, Vítor - In: Comparative economic studies 62 (2020) 3, pp. 358-372

Persistent link: https://www.econbiz.de/10012589600

Can fiscal rules decrease the probability of a sudden stop crisis?

Buda, Kristi - In: Review of world economics 160 (2024) 1, pp. 213-278

Persistent link: https://www.econbiz.de/10014504955

European stabilization policy after the Covid-19 pandemic : more flexible integration or more federalism?

Andersson, Fredrik N. G.; Jonung, Lars - 2022

Crises are a major driving force behind cooperation in the European Union. This holds also for monetary and fiscal policy. During severe crises, cooperation has been enlarged and intensified. The recent covid-19 pandemic is a clear example of this pattern. The pandemic has had huge impact on the...

Persistent link: https://www.econbiz.de/10013270330

Compliance effects of sovereign debt cuts

Janeba, Eckhard; Steinbach, Armin - 2019

applicable legal standard capturing the impact of debt restructuring on the debtor’s expected compliance with fiscal rules. Our … theory shows that the effect of debt cuts on fiscal compliance depends on two effects, the direction of which determines the … overall effect on expected fiscal compliance. We empirically review the plausibility of our theoretical results by exploiting …

Persistent link: https://www.econbiz.de/10012026346

The implementation of monetary and fiscal rules in the EMU : a welfare-based analysis

Argentiero, Amedeo - 2009

This paper implements a methodology to evaluate the desiderability of monetary and fiscal rules within the context of the EMU using a DSGE model within a New Keynesian framework with sticky prices. The approach adopted is a welfare-based criterion that measures the welfare losses associated with...

Persistent link: https://www.econbiz.de/10011373511