Opinion piece
17 March 2020
A letter to Santa, the G7
The G7 should set an example of international cooperation and come out with a strong signal of unity and support for the euro-area. Only then will the
Fiscal policy
Showing 113-128 of 200 results
Policy brief
06 February 2020
From climate change to cyber attacks: Incipient financial-stability risks for the euro area
The European Central Bank’s November 2019 Financial Stability Review highlighted the risks to growth in an environment of global uncertainty. On the w
Opinion piece
03 February 2020
Berlin will make or break the European Green Deal
€1 trillion isn't enough for the European Green Deal and the EU's fiscal framework is constraining public investment. "Mrs Merkel, tear down this rule
Blog post
10 December 2019
The European Green Deal needs a reformed fiscal framework
The European Green Deal should include a sustainable investment strategy that will help citizens change behaviour and companies switch technologies. B
Opinion piece
21 November 2019
Hong Kong’s Economy is in Danger of Further Contraction
Approaching the end of a volatile year, Hong Kong continues to face the triple whammy of slower growth in mainland China, the trade war uncertainty an
Opinion piece
06 November 2019
Why investors should temper optimism over a China trade rally
The economy is in worse shape than in 2015 and policies to boost growth are not as effective as they once were
Blog post
25 October 2019
A Fear of Regime Change is Slowing the Global Economy
Why did such a sharp and steady slowdown occur against a background of loose monetary policy, supportive fiscal policy, low inflation and absence of e
Podcast
23 October 2019
How to Spend it
Can governments make their fiscal policy go further? And are they trusted enough to try? This week The Sound of Economics asks if the quality of publi
Event
16 October 2019
Public finance - time for a quality check
Is the quality of fiscal expenses and revenues more important than the budget deficit?
Blog post
01 October 2019
Why structural balances should be scrapped from EU fiscal rules
A prominent team from DG ECFIN of the European Commission challenged some of the criticisms of the EU’s methodology for estimating potential output an
External publication
24 September 2019
Simple Rules for Better Fiscal Policies in Europe
Proposals to reform the euro area are on the agenda again. An overhaul of the complex set of European fiscal rules should be top priority on this agen
Blog post
17 June 2019
Uncertainty over output gap and structural-balance estimates remains elevated
The EU fiscal framework strongly relies on the structural budget balance indicator, which aims to measure the ‘underlying’ position of the budget. But
Blog post
17 June 2019
The campaign against ‘nonsense’ output gaps
A campaign against “nonsense” consensus output gaps has been launched on social media. It has triggered responses focusing on the implications of outp
Blog post
20 May 2019
The latest European growth-rate estimates
The quarterly growth rate of the euro area in Q1 2019 was 0.4% (1.5% annualized), considerably higher than the low growth rates of the previous two qu
Opinion piece
01 May 2019
When facts change, change the pact
“When facts change, I change my mind,” John Maynard Keynes famously said. With long-term interest rates currently near zero, the European Union should
Blog post
03 April 2019
How visible are independent fiscal institutions in public debate?
Independent fiscal institutions have no formal powers to act and have to rely on soft power to influence the budgetary process. This blog post investi