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The Economic Impact of Next Generation EU : A Euro Area Perspective
Bańkowski, Krzysztof; Bouabdallah, Othman; Semeano, … - 2022
This paper assesses the potential economic impact of Next Generation EU (NGEU), focusing on the euro area. Its findings suggest that the envisaged national investment and reform plans present a coherent package to support both recovery from the pandemic-induced crisis and longer-term...
Persistent link: https://www.econbiz.de/10013291193
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The economic impact of next generation EU: A euro area perspective
Bańkowski, Krzysztof; Bouabdallah, Othman; Semeano, … - 2022
This paper assesses the potential economic impact of Next Generation EU (NGEU), focusing on the euro area. Its findings suggest that the envisaged national investment and reform plans present a coherent package to support both recovery from the pandemic-induced crisis and longer-term...
Persistent link: https://www.econbiz.de/10013331898
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The legal and institutional feasibility of an EU Climate and Energy Security Fund
Abraham, Laurent; O'Connell, Marguerite; Oleaga, Iñigo … - 2023
In recent years, several proposals have emerged from the policy and academic spheres to address climate and energy-related public investment needs in the European Union (EU) with an EU-level instrument. This paper provides an analytical contribution to the discussion by examining the rationale...
Persistent link: https://www.econbiz.de/10014248720
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Implementing the golden rule for public investment in Europe : safeguarding public investment and supporting the recovery
Truger, Achim - 2015
Most parts of the Euro area have seen seven years of deep economic crisis. The strategy of tightening the fiscal constraints of the SGP has driven many member states into austerity. In contrast, the golden rule of public investment proposed in this study would be one important element of the...
Persistent link: https://www.econbiz.de/10011336549
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The macroeconomic impact of the Next Generation EU instrument on the euro area
Bańkowski, Krzysztof; Ferdinandusse, Marien; … - 2021
In response to the economic fallout from the coronavirus (COVID-19) pandemic, the European Council agreed on the Next Generation EU (NGEU) instrument. NGEU allows the European Commission to issue debt to finance grants and loans to EU Member States, with the disbursement of funds intended to be...
Persistent link: https://www.econbiz.de/10012417434
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The legal and institutional feasibility of an EU Climate and Energy Security Fund
Abraham, Laurent; O'Connell, Marguerite; Oleaga, Iñigo … - 2023
In recent years, several proposals have emerged from the policy and academic spheres to address climate and energy-related public investment needs in the European Union (EU) with an EU-level instrument. This paper provides an analytical contribution to the discussion by examining the rationale...
Persistent link: https://www.econbiz.de/10014374536
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The myth of austerity. empirical evidence from the eurozone countries
Wildowicz-Giegiel, Anna - In: E-Finanse : finansowy kwartalnik internetowy 15 (2019) 2, pp. 8-19
The paper discusses the impact of austerity policy on economic performance in the eurozone countries after the global … macroeconomic conditions which accompanied it and the impact of such policy on economic growth in the eurozone countries. The … Method of Moments was used. Data from 2010-17 for the eurozone countries served to prove the existence of a key negative …
Persistent link: https://www.econbiz.de/10012104382
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Did fiscal consolidation cause the double dip recession in the euro area?
Heimberger, Philipp - 2015
This paper analyses the short-run effects of fiscal consolidation measures on economic activity in the euro area during the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity measures during 2011-2013. The main empirical finding is...
Persistent link: https://www.econbiz.de/10011778844
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The golden rule of public investment : a necessary and sufficient reform of the EU fiscal framework?
Truger, Achim - 2016
proposes the introduction of the traditional public finance golden rule into the EU/Eurozone fiscal framework (Stability and … (SWP) und Fiskalpakt(FP) der EU/Eurozone. Eine solche Regel würde die öffentlichen (Netto-)Investitionen in geeigneter …
Persistent link: https://www.econbiz.de/10011477456
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The euro crisis and economic growth : a novel counterfactual approach
Terzi, Alessio - 2019 - This Draft: 25 June 2019
warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific … Eurozone’s specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …
Persistent link: https://www.econbiz.de/10012033212