European countries have the world’s most redistributive tax and transfer systems. While they have been well equipped to deal with vertical inequality - that is, fostering redistribution from the rich to the poor - less is known about their performance in dealing with horizontal inequality,...

European countries have the world’s most redistributive tax and transfer systems. While they have been well equipped to deal with vertical inequality – fostering redistribution from the rich to the poor – less is known about their performance in dealing with horizontal inequality, that is,...

European countries have the world's most redistributive tax and transfer systems. Although they have been well equipped to deal with vertical inequality -- that is, fostering redistribution from the rich to the poor -- less is known about their performance in dealing with horizontal inequality,...

The budget dispute between Italy and the European Commission in 2018 gave new impetus for the debate about the reliability of output gap estimation methods and their use for calculating structural budget balances. In this paper we review the main properties of the mainstream approaches and...

The budget dispute between Italy and the European Commission in 2018 gave new impetus for the debate about the reliability of output gap estimation methods and their use for calculating structural budget balances. In this paper we review the main properties of the mainstream approaches and...

Derzeit wird in der EU und Deutschland diskutiert, wie die Fiskalregeln zukünftig ausgestaltet sein sollen. Ein Punkt ist dabei die Berechnung des strukturellen Finanzierungssaldos. Fünf Kriterien sind wichtig, die strukturelle Salden erfüllen sollten. Die Revisionen, die sich aus dem...

Convergence is one of the key goals of the European Union and has been at the centre of many recent debates. This paper strives to identify the types of convergence that are pivotal to the well-functioning of the euro area and discusses their role in the context of the EMU's governance...

Convergence is one of the key goals of the European Union and has been at the centre of many recent debates. This paper strives to identify the types of convergence that are pivotal to the well-functioning of the euro area and discusses their role in the context of the EMU's governance...