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Between high ambition and pragmatism: Proposals for a reform of fiscal rules without treaty change. expert study commissioned by the European Economic and Social Committee (EESC)

Dullien, Sebastian; Paetz, Christoph; Repasi, René; … - 2022

This study examines major reform proposals of EU fiscal rules from an economic and legal perspective. We disassemble … final reform package. We show that quite far-reaching reforms of EU fiscal rules are feasible without treaty change as … reconcile with the EU treaties. …

Persistent link: https://www.econbiz.de/10013364517

European Fiscal Union: What Is It? Does It Work? And Are There Really 'No Alternatives'?

Fuest, Clemens; Peichl, Andreas - 2012

The view is widespread that there are just two options for the future of the Eurozone - either it is complemented by a fiscal union, or it will fall apart. In this paper, we discuss five possible elements of a fiscal union, of which three are in the centre of the current debate on fiscal union...

Persistent link: https://www.econbiz.de/10010331439

Lessons from the European spaghetti bowl

Baldwin, Richard - 2013

European economic integration fascinates and inspires for the way it brought peace to a continent torn by violent and long-standing rivalries. The lessons from Europe, however, cannot be applied directly as the degree of the European Union's supranationality is unthinkable elsewhere. This paper...

Persistent link: https://www.econbiz.de/10010397207

Ostöffnung, EU-Mitgliedschaft, Euro-Teilnahme und EU-Erweiterung: Wirtschaftliche Auswirkungen auf Österreich

Breuss, Fritz - 2006

opening, Austria's accession to the EU and its currency union, EU enlargement). With some of these steps occurring in parallel …, its effects have similarly overlapped. Eastern opening since 1989 and Austria's EU membership since 1995 (and its … some 100,000 to 150,000 new jobs. The EU enlargement of 2004 has similarly benefiting Austria more than other EU 15 …

Persistent link: https://www.econbiz.de/10011435199

Towards a New EMU

Breuss, Fritz - 2013

towards a more centralised fiscal policy at EU/Euro area level within a new EMU economic governance. Besides the improvement …

Persistent link: https://www.econbiz.de/10011435347

What do we really know about fiscal sustainability in the EU? A panel data diagnostic

Afonso, António; Rault, Christophe - 2007

We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006). …

Persistent link: https://www.econbiz.de/10011604866

Disinflation and economic integration in emerging European economies

Novák, Zsuzsanna - In: International Journal of Diplomacy and Economy 2 (2014) 1/2, pp. 84-101

paper investigates the way the 15 Central European and South (Eastern) European countries are integrated with the current EU … economic and financial diplomacy can contribute to these countries' economic integration with the eurozone and the EU27 in …

Persistent link: https://www.econbiz.de/10011130269

Testing the shape of EMU term structure of interest rates

Ruiz-Dotras, Elisabet; Bolance-Losilla, Catalina; … - In: International Journal of Financial Markets and Derivatives 1 (2010) 4, pp. 422-437

The creation of EMU raises the question whether the common monetary policy has the same impact in all member countries. We analyse the convergence of interest rates in four major EMU countries from 1999 to 2007. We suggest to test the convergence of the interest rates with the full term...

Persistent link: https://www.econbiz.de/10008755247

Monetary integration and the French model: a case study in the eurozone

Ross, George - In: International Journal of Economics and Business Research 2 (2010) 1/2, pp. 125-143

Whatever its successes and difficulties, monetary integration has caused significant changes in many, perhaps most, Eurozone societies. A review of EMU's origins and first years of EMU would thus be remiss without national case studies. France is a particularly good choice for this task. It has...

Persistent link: https://www.econbiz.de/10010669632

Repairing the original sin of the European Monetary Union

Rossi, Sergio; Dafflon, Bernard - In: International Journal of Monetary Economics and Finance 5 (2012) 2, pp. 102-123

This study shows that the origins of the sovereign debt crisis within the euro area are to be found within the private sector and in economic policy mistakes rather than only in the profligacy of some national governments in the Southern periphery of Euroland. Sovereign debtors and their private...

Persistent link: https://www.econbiz.de/10010669710