Search Results - subject:"ﬁscal rules"

Fiscal rules in the European Union : less is more

Căpraru, Bogdan; Pappas, Anastasios; Sprincean, Nicu - In: Journal of common market studies : JCMS 63 (2025) 1, pp. 320-334

Persistent link: https://www.econbiz.de/10015398682

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

Paetz, Christoph; Watzka, Sebastian - 2024

This policy brief presents the new EU fiscal rules with a focus on its core element, the so-called debt …

Persistent link: https://www.econbiz.de/10015063429

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

Paetz, Christoph; Watzka, Sebastian - 2024

This policy brief presents the new EU fiscal rules with a focus on its core element, the so-called debt …

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

The medium-term effects of fiscal policy rules

Chrysanthakopoulos, Christos; Tagkalakis, Athanasios - 2024

Persistent link: https://www.econbiz.de/10014501180

Fiscal adjustments and the asymmetric effect of oil shocks

Valencia, Oscar M.; Gamboa-Arbelaez, Juliana; Sánchez, … - 2025

institutions play a critical role in mitigating the volatility induced by oil shocks, with fiscal rules targeting primary or …

Persistent link: https://www.econbiz.de/10015394111

The baseline is wrong: How debt sustainability analyses used in the EU ignore climate change

Sigl-Glöckner, Philippa; Steitz, Janek; Ziesemer, Vinzenz - 2025

The European Union has reformed its fiscal rules in late 2024, making debt sustainability analysis (DSAs) the central …

Persistent link: https://www.econbiz.de/10015400923

The new EU fiscal framework: Implications for public spending on the green and digital transition

Heimberger, Philipp - 2025

required in a number of (big) euro area countries from 2025 onwards to comply with the reformed EU fiscal rules. However, the …

Persistent link: https://www.econbiz.de/10015407591

Functionality of fiscal rules in a low interest rate environment: New empirical results for Swiss cantons

Weber, Philipp; Zell, Laura A.; Feld, Lars P.; … - 2025

spending. But while fiscal rules ensured consistency, they prevented this fiscal expansion. Using data of Swiss cantonal public … fiscal rules affect fiscal policy in an environment with decreasing interest rates. Furthermore, we introduce the novel … approach lies in the investigation of an exogenous shock in absence of a control group. Our results show, first, that fiscal …

Persistent link: https://www.econbiz.de/10015427153

Forward guidance and fiscal rules in HANK

Rannenberg, Ansgar - 2025

I show that in a canonical HANK model, under a balanced budget fiscal rule, the effect of a nominal interest rate peg is much larger than in a representative agent (RA) model. By contrast, under a standard fiscal rule where tax revenue responds gradually to deviations of the debt-to-GDP ratio...

Persistent link: https://www.econbiz.de/10015433815

Evaluating the Effects of the German Debt Brake: A Synthetic Control Approach

Langer, Maximilian; Hassib, Joshua; Feld, Lars P.; … - 2025

This paper assesses the effectiveness and public finance implications of the German debt brake, a constitutional balanced budget rule introduced in 2009 that aims to ensure a sustainable path of public indebtedness. In order to estimate its causal effects, our paper employs a synthetic control...

Persistent link: https://www.econbiz.de/10015434647