Showing 1 - 10 of 379
Persistent link: https://www.econbiz.de/10010271503
Economic recovery post-COVID-19 will be structured around answering a number of fundamental questions. It is necessary to take stock of the extent of the recovery and of the transformation our economies have experienced in the last year and a half.
Persistent link: https://www.econbiz.de/10013343161
Because they exert cross-border spillover effects, fiscal policies of individual EU member states are a common concern for the entire EU.
Persistent link: https://www.econbiz.de/10013343163
Faced with the impossibility of reaching a political agreement to review the fiscal treaties, the Commission could limit itself to applying the current rules with flexibility, which would maintain an ambiguous situation: much ado about nothing.
Persistent link: https://www.econbiz.de/10013343164
The fiscal framework needs in practice to achieve a balance between, on the one hand, effective budgetary rules that allow governments to commit to sound policies and, on the other, judgements and discretion in how these are applied so that the framework adequately reflects the complexity of the...
Persistent link: https://www.econbiz.de/10013343165
Europe must increasingly deal with the harmful impacts of climate change, regardless of its success in reducing emissions. These impacts have significant cross-border effects and threaten to deepen existing divisions. Cooperation on adaptation, which is mostly seen as requiring local or regional...
Persistent link: https://www.econbiz.de/10013468412
As part of its sanctions regime, the United States recently announced the imposition of punitive import tariffs on 570 product groups from Russia. The European Union may follow suit and enact sanctions on Russia that mirror the US sanctions in scale and scope. Using a sector-specific...
Persistent link: https://www.econbiz.de/10013468415
There are many reasons to reform the Stability and Growth Pact, but that reform is no panacea. This is because the euro area periphery has increasingly entered a debt conundrum.
Persistent link: https://www.econbiz.de/10013468419
Persistent link: https://www.econbiz.de/10014334678
EU fiscal rules are meant to keep public finances on a sustainable path. This paper presents a new database that tracks numerical compliance with the four main rules of the Stability and Growth Pact starting in 1998. Our assessment of numerical compliance abstracts from the many exceptions and...
Persistent link: https://www.econbiz.de/10014334679