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Fiscal consolidation is a traditional concern, we can say at the European institutional level, ratified and gradually taken over by the member countries, implemented through the Stability and Growth Pact, and enshrined in the Treaty of Maastricht, which is part of the permanent bailouts of...
Persistent link: https://www.econbiz.de/10011964952
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
The coronavirus crisis, which began in 2020, had a major impact on the fiscal policies of the EU member states. Governments increased their spending to support economies affected by quarantine measures. Expenditure increase and revenue reduction made EU countries non-compliant with the...
Persistent link: https://www.econbiz.de/10014442312
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
This paper analyses the compliance patterns of the European fiscal rules of the public debt and budget deficit in a group of twelve Member States. The aim is to make a contrafactual analysis to the compliance of those rules from 2020 to 2022 in a hypothetical scenario without the Covid-19...
Persistent link: https://www.econbiz.de/10014480841
In this paper, we examine the impact of different types of institutions including fiscal rules to the conventional institutional framework on FDI in 24 developing countries from 1996 to 2018. No study to date explores the role of fiscal rules on FDI given that fiscal discipline came to the...
Persistent link: https://www.econbiz.de/10013448089
Persistent link: https://www.econbiz.de/10011764004
This paper uses a gravity model and several cross-sectional analyses (1991-2003) to assess the effects of the new free trade agreements signed between Latin American countries. Our findings show evidence that Mercosur clearly boosts trade between Argentina and Brazil, much more so than the...
Persistent link: https://www.econbiz.de/10009145829
In recent years the infrastructures have undergone structural changes in their provision and financing, which have receded back into the middle of the economic debates. The interest in determining whether these changes can affect the economic growth has also served to review the understanding of...
Persistent link: https://www.econbiz.de/10010860582
After much debate, many academic circles have concluded that under the right circumstances, infrastructure stocks may … be a promoter for growth. This paper benchmarks Mexico's infrastructure quantity stocks and identifies Mexico …'s infrastructure bottlenecks in regard to 94 countries. With a sample of annual data from 1960 to 2014, the analysis focuses on three …
Persistent link: https://www.econbiz.de/10011991428