Add to ORKGA fundamental overhaul of EU economic governance is needed. The most important reform is a strengthening of national fiscal frameworks, including the establishment of independent fiscal watchdogs in Member States that do not yet have such institutions. At the European level, a permament crisis resolution mechanism should be integrated with both broader macroeconomic surveillance and the sanction system. An independent European fiscal council could, based on macroeconomic risk considerations, decide in advance appropriate haircuts in the event of future sovereign debt restructuring.Briefing paper for the European Parliament PE 440.292, /IP/A/ECON/NT/2010-10/, September 2010. Also in Studies in Fiscal Policy 2010/8, Swedish Fiscal Policy Coun...
International audienceIs not the European Union (EU), as an integrated regional space, an ideal plac...
European policy makers have repeatedly suggested that fiscal-policy coordination and fiscal federali...
The European Union is characterized with centralized monetary policy and decentralized fiscal policy...
A fundamental overhaul of EU economic governance is needed. The most important reform is a strengthe...
The sovereign debt crisis induced a wide array of new institutions to reinforce European economic go...
The asymmetric constitution of European macroeconomic governance is well known. Monetary policy is m...
Fiscal rules seek to limit the tendency of governments to run deficits, to steer them towards counte...
Talking about the economic crisis in Europe, the so called ‘European sovereign debt crisis’ (also re...
To reinforce ex ante coordination of EU Member States’ economic and fiscal policies, a new monitorin...
Fiscal governance is defined as a combination of institutions, rules and norms that structure good g...
Legislative proposals on EU economic governance: what is missing within and beyond? NOTE This briefi...
International audienceThe 2007 global financial crisis developed from 2009 into a sovereign debt cri...
This paper discusses various options for reforming fiscal governance in the Eurozone. We focus on tw...
To deal with the Euro crisis the coordination of macroeconomic policies is essential. In our view, t...
While a fully fledged fiscal union exists in the US, no similar entity has been developed in the eu...
International audienceIs not the European Union (EU), as an integrated regional space, an ideal plac...
European policy makers have repeatedly suggested that fiscal-policy coordination and fiscal federali...
The European Union is characterized with centralized monetary policy and decentralized fiscal policy...
A fundamental overhaul of EU economic governance is needed. The most important reform is a strengthe...
The sovereign debt crisis induced a wide array of new institutions to reinforce European economic go...
The asymmetric constitution of European macroeconomic governance is well known. Monetary policy is m...
Fiscal rules seek to limit the tendency of governments to run deficits, to steer them towards counte...
Talking about the economic crisis in Europe, the so called ‘European sovereign debt crisis’ (also re...
To reinforce ex ante coordination of EU Member States’ economic and fiscal policies, a new monitorin...
Fiscal governance is defined as a combination of institutions, rules and norms that structure good g...
Legislative proposals on EU economic governance: what is missing within and beyond? NOTE This briefi...
International audienceThe 2007 global financial crisis developed from 2009 into a sovereign debt cri...
This paper discusses various options for reforming fiscal governance in the Eurozone. We focus on tw...
To deal with the Euro crisis the coordination of macroeconomic policies is essential. In our view, t...
While a fully fledged fiscal union exists in the US, no similar entity has been developed in the eu...
International audienceIs not the European Union (EU), as an integrated regional space, an ideal plac...
European policy makers have repeatedly suggested that fiscal-policy coordination and fiscal federali...
The European Union is characterized with centralized monetary policy and decentralized fiscal policy...