Fiscal policy

German pension reform push crystallises challenges faced by many European countries

The burden of pension reform should be shared across generations, even if it is politically difficult

Fiscal Policy Decision-Making in the Nordic Countries during COVID-19

The EU needs a methodology for including reform impacts in fiscal trajectories

Such a methodology, and a governance mechanism for managing associated risks, must be in place before the new fiscal framework kickstarts in September

Incorporating the impact of social investments and reforms in the European Union’s new fiscal framework

This paper proposes an approach for quantifying the impact of public investments and reforms on debt sustainability

A tale of two treatises: the Werner and Delors Reports and the birth of the euro

Focusing on the Werner and Delors Reports, this essay aims to capture key ideas and debates, giving a chronological overview of the EMU process

Macroeconomic policy frameworks in the EU: in need of renewal

Assessing the Ecofin compromise on fiscal rules reform

The compromise reached by the Ecofin Council is imperfect. But it is still a big step forward.

Bringing the reform of European Union fiscal rules to a successful close

EU fiscal rules must not unnecessarily restrict green investment.

Greening EU fiscal rules

How to achieve debt sustainability and environmental sustainability in the bloc?

Are the emerging EU fiscal rules green enough?

Are the emerging EU fiscal rules green enough?

While there are developments towards a political agreement on EU fiscal rules reform, three concerns remain.

What is behind China's structural deceleration?

Understanding local government debt in China

How can China navigate the country towards a more sustainable and balanced economic future?

To unblock fiscal rule reform, the EU should reinstate its excessive deficit procedure

Reapplying the excessive deficit procedure could create space for European Union countries to decide on longer-term rule change

Europe’s strategic challenge

The EU should pursue ‘gradual and pragmatic federalism,’ underpinned by essential governance reform.