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The new fiscal rules : another round of austerity for Europe?
Paetz, Christoph; Watzka, Sebastian - 2024
-sustainability-analysis (DSA). Our results suggest first that the new rules will lead to substantial fiscal consolidation in the next years albeit … public investment than previously thought, and third that relatively minor changes to the DSA assumptions on ageing costs and … the DSA methodology were to be changed, the additional fiscal space would still fall drastically short of the massive …
Persistent link: https://www.econbiz.de/10015062405
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The new EU fiscal framework: Implications for public spending on the green and digital transition
Heimberger, Philipp - 2025
This paper provides a critical assessment of the new EU fiscal framework, with a focus on its implications for public expenditure on the twin green and digital transition. According to the reformed rules, member states may commit to a package of investment and reform to extend the fiscal...
Persistent link: https://www.econbiz.de/10015407591
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The new EU fiscal framework : implications for public spending on the green and digital transition
Heimberger, Philipp - 2025
This paper provides a critical assessment of the new EU fiscal framework, with a focus on its implications for public expenditure on the twin green and digital transition. According to the reformed rules, member states may commit to a package of investment and reform to extend the fiscal...
Persistent link: https://www.econbiz.de/10015359171
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Estimating the drivers and projecting long-term public health expenditure in the European Union : Baumol’s "cost disease" revisited
Medeiros, João; Schwierz, Christoph - 2013
Persistent link: https://www.econbiz.de/10010232454
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Government debt forecast errors and the net expenditure rule in EU countries
Cronin, David; McQuinn, Kieran - 2023
Against a backdrop of debt ratio targets being central to recent proposed changes to the EU fiscal rules, we examine errors in official forecasts of the General Government debt ratios and their determinants in 26 member states from 2012 to 2019 when the "six pack" rules applied. We find debt...
Persistent link: https://www.econbiz.de/10014540354
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Are official forecasts of output growth in the EU still biased?
Cronin, David; McQuinn, Kieran - 2020
A reason for revising the EU fiscal rules in the early 2010s was to improve member states' forecasts against a background of documented biases in official projections. Using data from Stability and Convergence Programmes and the European Commission's Spring Forecasts, evidence is presented which...
Persistent link: https://www.econbiz.de/10012606229
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The macroeconomic effects of re-applying the EU fiscal rules: Returning to the status quo ante or moving to expenditure rules?
Jurgeleit, Janis; Oberhoff, Lukas C.; Paetz, Christoph; … - 2022
Against the background of the European Commission's reform plans of the Stability and Growth Pact (SGP) this policy brief uses the macroeconometric multi-country model NiGEM to simulate the macroeconomic implications of the most relevant reform options from 2024 onwards. Next to a return to the...
Persistent link: https://www.econbiz.de/10014278509
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Government debt forecast errors and the net expenditure rule in EU countries : undue optimism at a cost
Cronin, David; McQuinn, Kieran - In: Journal of policy modeling : JPMOD ; a social science … 45 (2023) 6, pp. 1113-1131
Persistent link: https://www.econbiz.de/10014559201
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Are member states' budgetary policies adhering to the EU fiscal rules?
Cronin, David - In: Applied economics quarterly 66 (2020) 1, pp. 47-64
Persistent link: https://www.econbiz.de/10012549940
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Are official forecasts of output growth in the EU still biased?
Cronin, David; McQuinn, Kieran - 2020
A reason for revising the EU fiscal rules in the early 2010s was to improve member states' forecasts against a background of documented biases in official projections. Using data from Stability and Convergence Programmes and the European Commission's Spring Forecasts, evidence is presented which...
Persistent link: https://www.econbiz.de/10012307736