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From Deficits to Debt and Back : Political Incentives Under Numerical Fiscal Rules
Buti, Marco - 2010
Under numerical fiscal rules, such as those underpinning EMU, governments have strong temptations to use accounting …
Persistent link: https://www.econbiz.de/10012716093
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Cyclical Stabilisation Under the Stability and Growth Pact : How Effective are Automatic Stabilisers?
Brunila, Anne - 2009
It is widely recognised that fiscal policy will have greater responsibilities for cyclical stabilisation in the EMU …, given the loss of the monetary instrument at national level. At the same time, the EMU's budgetary framework emphasises the … stabilisation. Looking ahead, one of the challenges facing policy-makers will be how to design tax and welfare reforms which, while …
Persistent link: https://www.econbiz.de/10012721132
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From Deficits to Debt and Back : Political Incentives Under Numerical Fiscal Rules
Buti, Marco - 2012
Under numerical fiscal rules, such as those underpinning EMU, governments have strong temptations to use accounting … credibility of EMU's fiscal rules. If properly implemented, the reformed Pact, which stresses durable adjustment and long …
Persistent link: https://www.econbiz.de/10013110665
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"Haircuts" for the EMU periphery : virtue or vice? ; conference paper
Neck, Reinhard; Blüschke, Dmitri - 2013 - Preliminary version
We use a dynamic game model of a two-country monetary union to study the impacts of an exogenous fall in aggregate demand, the resulting increase in public debt, and the consequences of a sovereign debt haircut for a member country or bloc of the union. In this union, the governments of...
Persistent link: https://www.econbiz.de/10010340564
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ECB vs. Council vs. Commission : Monetary and Fiscal Policy Interactions in the EMU When Cyclical Conditions are Uncertian
Buti, Marco - 2008
This paper examines economic policy interactions in the Economic and Monetary Union when the assessment of cyclical conditions in real time is surrounded by uncertainty. On the basis of a simple stylised model it shows that with a Nash-type of interaction different views about the output gap on...
Persistent link: https://www.econbiz.de/10012769738
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Macroeconomic policies for Slovenia after the "Great Recession"
Blueschke, Dmitri; Blueschke-Nikolaeva, Viktoria; Neck, … - In: Eurasian economic review : a journal of the Eurasia … 2 (2012) 2, pp. 54-93
Persistent link: https://www.econbiz.de/10010339993
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Stabilisation policies in a small Euro area economy : taxes or expenditures? : a case study for Slovenia
Weyerstrass, Klaus; Neck, Reinhard; Blueschke, Dmitri; … - In: International journal of computational economics and … 10 (2020) 4, pp. 309-327
Persistent link: https://www.econbiz.de/10012507526
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How should Slovenia design fiscal policies in the government debt crisis?
Blueschke, Dmitri; Weyerstrass, Klaus; Neck, Reinhard - In: Emerging markets finance & trade : a journal of the … 52 (2016) 7/9, pp. 1562-1573
Persistent link: https://www.econbiz.de/10011594390
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How relieving is public debt relief? : monetary and fiscal policies in a monetary union during a debt crisis
Blueschke, D.; Neck, Reinhard; Wittmann, A. - In: Central European journal of operations research 28 (2020) 2, pp. 539-559
Persistent link: https://www.econbiz.de/10012242698
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Fiscal policy in the European Economic and Monetary Union : an evolving view
Buti, Marco - In: Evolution or revolution? : rethinking macroeconomic …, (pp. 109-120). 2019
Persistent link: https://www.econbiz.de/10012005191