Search Results - subject_exact:"European stability pact"

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The EU fiscal framework and national fiscal rules : effects on budget balance dynamics

Lehtimäki, Jonne; Krämer, Robert - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654446

Point break : when fiscal rules turn pro-cyclical$devidence from debt thresholds in the European Union

Carnazza, Giovanni; Tomasone, Francesco - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638013

Sovereign default and public debt : what role for fiscal rules?

Apeti, Ablam Estel; Obeng, Samuel; Tagem, Abrams; Wer, … - 2025

Public debt has increased steadily over the years, leaving many countries at risk of debt distress and even pushing some to default. This paper analyses the impact of sovereign default on post-default debtto-GDP ratios in 144 countries from 1980 to 2019. Applying the entropy balancing method, we...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015486045

Sovereign debt markets and resilience in a heterogeneous union : on the interaction of European economic and national fiscal policies

Spronsen, Josha van - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015325839

Which bite harder: new or old EU fiscal rules? : backcasting Croatian episode under the EDP

Banić, Frane; Deskar-Škrbić, Milan; Lang, Maroje - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015327793

The unilateral issuance framework for the European Stability Mechanism and the European Commission

2025

In Europe, how and when a given security and the relevant rights incorporated into it come into existence is mostly left to national law. The creation of debt securities generally implies a contractual relationship between the issuer and the securities holder. As such, all the contractual...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015465456

The new EU Stability and Growth Pact : new bottle with a lot of old wine

Priewe, Jan - 2025

The article reviews the latest version of the proposal for a new Stability and Growth Pact of the European Union, as accepted by the European Parliament in April 2024. After summarising the main changes, the macroeconomic evaluation attempts to gauge whether the main goal of the Pact –...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015470366

European governance : the new fiscal rules and social spending

Mathieu, Catherine; Sterdyniak, Henri - 2025

The reform of the European fiscal rules came into force on 30 April 2024. The new rules, like the former ones, impose a depressive bias on domestic fiscal policies, leaving Member States' no fiscal room for manoeuvre. At the same time, the European Pillar of Social Rights sets ambitious targets...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015470393

The reform of European public debt regulations : an opportunity and a challenge for EU member states

Postuła, Marta; Kawarska, Anna; Chmielewski, Wojciech - 2025

The article examines how the European Commission's proposal to reform the Stability and Growth Pact (SGP) in terms of the pace of public debt reduction may affect basic economic parameters, such as GDP, consumption and investment levels, as well as fiscal parameters like the scale of subsidies...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015437819

Will the new European fiscal rules raise the debt-to-GDP ratio? : an analysis of the Italian case

Ciccone, Claudia - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015557480

A time-varying approach to assessing fiscal cyclicality : the impact of the European fiscal framework

Carnazza, Giovanni; Tomasone, Francesco - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015481395

Measuring time-varying fiscal cyclicality of the revenue side with a new cyclically-adjusted methodology : does the European fiscal framework play a pivotal role?

Carnazza, Giovanni; Lanterna, Federica; Liberati, Paolo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015415646

Fiscal rules in the European Union : less is more

Căpraru, Bogdan; Pappas, Anastasios; Sprincean, Nicu - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015398682

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Fiscal Rules in the European Union : Less is More

CĂPRARU, Bogdan; Pappas, Anastasios; Sprincean, Nicu - 2023

Book / Working Paper

Failing forward in European economic governance : the cyclicality of European integration and institutional competition in the COVID-19 crisis

Abels, Joscha - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015398978

Does politics matter? : a comparative assessment of discretionary fiscal policies in the Euro area

Carnazza, Giovanni; Liberati, Paolo; Sacchi, Agnese - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669173

Government debt, European institutions and fiscal rules : a synthetic control approach

Krämer, Robert; Lehtimäki, Jonne - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015056462

An assessment of the euro area fiscal stance since the pandemic

Cepparulo, Alessandra; McDonnell, Clíona; Reitano, … - 2024

This Economic Brief analyses the euro area fiscal stance since 2020, i.e. the impulse that national budgets and the EU budget have been providing to the euro area economy since the pandemic. Overall, the euro area fiscal stance was highly supportive in 2020-2023, during the COVID-19 and the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014631445

Days of future past? : the reform of the European fiscal framework, the (enduring) role of the structural balance and the pro-cyclical bias of potential GDP endogeneity

Carnazza, Giovanni; Carnevali, Emilio - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014566067

The EU’s future prosperity : what role for the fiscal framework?

Begg, Iain; Cicak, Daniel - 2024

Public investment has been low in recent years, resulting in shortcomings in infrastructure and other public assets capable of underpinning economic growth and competitiveness. Efforts at the EU level to establish a Sovereignty Fund intended to enhance competitiveness and to respond to the likes...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014546484

Do binding fiscal rules enhance fiscal stability? : evidence from European Union countries : do binding fiscal rules enhance fiscal stability? : evidence from European Union countries

Lopez Villavicencio, Antonia; Zoumenou, Jocelyne - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015073591

One scheme fits all : a central fiscal capacity for the EMU targeting eurozone, national and regional shocks

Beetsma, Roel; Cimadomo, Jacopo; Spronsen, Josha van - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015076248

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One scheme fits all : a central fiscal capacity for the EMU targeting eurozone, national and regional shocks

Beetsma, Roel; Cimadomo, Jacopo; Spronsen, Josha - 2022

Book / Working Paper

One Scheme Fits All : A Central Fiscal Capacity for the Emu Targeting Eurozone, National and Regional Shocks

Beetsma, Roel; Cimadomo, Jacopo; Spronsen, Josha van - 2022

Book / Working Paper

One Scheme Fits All : A Central Fiscal Capacity for the EMU Targeting Eurozone, National and Regional Shocks

Beetsma, Roel; Cimadomo, Jacopo; Spronsen, Josha van - 2022

Book / Working Paper

The path to the reformed EU fiscal framework : a monetary policy perspective

Haroutunian, Stephan; Bańkowski, Krzysztof; Bischl, Simeon - 2024

This paper reviews the main arguments underpinning the reform of the EU's fiscal framework, which has culminated in the adoption by the EU legislators of a revised set of rules for the European economic governance including the Stability and Growth Pact (SGP). It takes a chronological approach...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014533774

Marrying fiscal rules & investment : a central fiscal capacity for Europe

Schang, Christopher; Vinci, Francesca - 2024

The European fiscal governance framework remains incomplete, hindering policy coordination during economic shocks and affecting the transmission of the single monetary policy. High public debt and low public investment worsen resilience across Member States. Many policymakers, institutions, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015154494

Economic governance in the next EU legislature : which agenda for fiscal and monetary policy?

Creel, Jérôme; Saraceno, Francesco - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015147857

Fiscal governance in the Western Balkans : an analysis of fiscal rules, fiscal councils, and medium-term budgetary frameworks

Jovanović, Branimir; Madzarevic-Sujster, Sanja; … - 2024

This paper presents a detailed analysis of fiscal frameworks across the six Western Balkan economies utilizing a newly compiled dataset based on the European Commission's Fiscal Governance Database. The analysis reveals that although all six Western Balkan countries have implemented some form of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015164551

Three risks that must be addressed for new European Union fiscal rules to succeed

Pench, Lucio R. - 2024

The debate on the reform of the European Union's fiscal rules, the Stability and Growth Pact, has largely focused on their design. This nearly exclusive focus has distracted attention from the equally, if not more, important aspects of implementation. The reform, completed in April 2024, left...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015051474

Reform of the Stability and Growth Pact : which changes for the governments?

Menguy, Séverine - 2024

In 2020, in the context of the COVID-19 health crisis, the rules of the Stability and Growth Pact were temporarily suspended in the European Union. Nevertheless, the European Council and the European Parliament reached an agreement for the reactivation of these rules in 2024. A simple analytical...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015130231

Marrying fiscal rules & investment : a central fiscal capacity for Europe

2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015275792

Republic of Poland : Technical Assistance Report-Aligning the Stabilizing Expenditure Rule to the European Union Fiscal Framework

2024

The stabilizing expenditure rule (SER) in Poland has been instrumental in fostering fiscal discipline in the years leading up to the pandemic. The pandemic and subsequent shocks severely tested the expenditure rule. Returning to the SER limit after severe shocks proved challenging, making clear...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015328596

Effectiveness and counter-cyclicality of fiscal consolidation under compliance regulation : the case of the Stability and Growth Pact

Herwartz, Helmut; Theilen, Bernd - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014472977

The effects of European fiscal discipline measures on current account balances

Keefe, Helena Glebocki; Hepp, Ralf - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014545324

An EU fund to incentivise public investments with positive externalities

Beetsma, Roel - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014580727

Forecasting stability and growth pact compliance using machine learning

Baret, Kéa; Barbier-Gauchard, Amélie; Papadimitriou, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014480815

Determinants of spreads on European supranational debt : towards a genuine European safe asset?

Janse, Kalin Anev; Beetsma, Roel; Li, Andy - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647334

Keep it complex! : Prodi's curse and the EU fiscal governance regime complex

Tesche, Tobias - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013493197

A database : how the euro crisis ended: not with a (fiscal) bang but a whimper

Köhler, Ekkehard A.; Hirsch, Patrick; Palhuca, Leonardo - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014446632

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A Database : How the Euro Crisis Ended: Not with a (Fiscal) Bang But a Whimper

Köhler, Ekkehard A.; Hirsch, Patrick; Palhuca, Leonardo - 2023

Book / Working Paper

Accountability and Democratic Legitimacy in EU Economic Governance : From the Euro Crisis to the Pandemic and Beyond

Markakis, Menelaos; Kafka, Charikleia; Papadopoulou, … - 2023

This article looks at the measures that were adopted in response to the Euro crisis and the COVID-19 pandemic and their implications for accountability and democratic legitimacy in the area of Economic and Monetary Union (EMU). The discussion begins with the legitimacy issues that were facing...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014356589

Do national fiscal rules support numerical compliance with EU fiscal rules?

Manescu, Cristiana; Bova, Elva; Hoogeland, Martijn; … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014631518

European banking in transformational times : regulation, crises, and challenges

Koetter, Michael; Nguyen, Huyen - 2023

This paper assesses the progress made towards the creation of the European Banking Union (EBU) and the evolution of the banking industry in the European Union since the financial crisis of 2007. We review major regulatory changes pertaining to the three pillars of the EBU and the effects of new...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014437444

The reform of the European fiscal rules : in search of mechanisms ensuring sustainable debt levels

Haan, Jakob de; Amtenbrink, Fabian - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014464499

A green fiscal pact for the EU : increasing climate investments while consolidating budgets

Darvas, Zsolt M.; Wolff, Guntram B. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014306030

Is the European economic governance framework too "complex"? : a critical discussion

Amo Valor, Julia del; Martín Mateos, Marcos; … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014335373

Solidarische Tilgung der Staatsschulden im Euroraum : ein Vorschlag zur Reform des Stabilitäts- und Wachstumspakts

Richter, Wolfram F. - 2023

An einer Reform des europäischen Stabilitäts- und Wachstumspakts wird man nicht vorbeikommen. Bei keinem diskutierten Reformmodell ist aber zu erwarten, dass sich die Einhaltung der öffentlichen Haushaltsdisziplin besser als zuvor durchsetzen lässt. Vor diesem Hintergrund wird in diesem...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014292843

Government debt : the impact of fiscal rules at the European and national level

Krämer, Robert; Lehtimäki, Jonne - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014323582

Rewarding compliance with fiscal rules : a proposal for reform of the stability and growth pact

Richter, Wolfram F. - 2023

The European Commission has recently published legislative proposals for a reform of the Stability and Growth Pact (SGP). The declared object is to make the economic governance of the EU simpler, improve national ownership, place a greater emphasis on the medium term and strengthen enforcement....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014326025

A targeted golden rule for public investments? : a comparative analysis of possible accounting methods in the context of the review of the Stability and Growth Pact : in-depth analysis requested by the ECON committee

Pekanov, Atanas; Schratzenstaller, Margit - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014250515

A targeted golden rule for public investments? : a comparative analysis of possible accounting methods in the context of the review of the Stability and Growth Pact : study requested by the ECON committee

Blesse, Sebastian; Dorn, Florian; Lay, Max - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014253305

The European Pillar of Social Rights: impact and advancement : somewhere between a compass and a steering tool

Hacker, Björn - 2023

Social Europe is back on the political agenda - as a result of severe economic crises, prior austerity policies and a change in the European discourse framework. Six years after being announced, the European Pillar of Social Rights - although legally non-binding - has become the central...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014427510

A quantitative evaluation of the European commiccion's fiscal governance proposal

Darvas, Zsolt M.; Welslau, Lennard; Zettelmeyer, Jeromin - 2023

In the new European Union fiscal framework proposed by the European Commission in April 2023, medium-term fiscal adjustment requirements would be determined by country-by-country debt sustainability analysis (DSA), the 3 percent deficit ceiling and simple rules requiring minimum deficit and debt...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014372855

Eurozone : EUREP, 2020

Arnold, Vincient - 2023

At the outset of the novel coronavirus pandemic (COVID-19), financial instability spread around the world. In response to potential euro funding stresses outside the euro area, on June 25, 2020, the European Central Bank (ECB) announced the Eurosystem Repo Facility for Central Banks (EUREP). The...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014346564