What kind of EU fiscal capacity? Evidence from a randomized survey experiment in five European countries in times of corona

R Beetsma, B Burgoon, F Nicoli, A De Ruijter… - Economic …, 2022 - academic.oup.com
Based on a conjoint survey experiment, we explore the support among European citizens for
a European Union (EU) budgetary assistance instrument to combat adverse temporary or …

[HTML][HTML] Dispelling the shadow of fiscal dominance? Fiscal and monetary announcement effects for euro area sovereign spreads in the corona pandemic

A Havlik, F Heinemann, S Helbig, J Nover - Journal of International Money …, 2022 - Elsevier
We use event study regressions to compare the impact of monetary versus fiscal policy
announcements on euro area government bond spreads in the unfolding Covid-19 …

Energy and environmental challenges in the European Union and green bonds

G Maris, M Psychalis - Social Sciences, 2024 - mdpi.com
Could the European Union mitigate the negative effects of economic, pandemic and
environmental crises using only one tool? The answer is positive, by implementing “green” …

Do independent fiscal institutions cause better fiscal outcomes in the European Union?

B Căpraru, G Georgescu, N Sprincean - Economic Systems, 2022 - Elsevier
This paper explores the budgetary implications of the independent fiscal institutions (IFIs) in
the European Union (EU). We employ a dynamic panel model for the period 2000–2019 and …

Slowdown in total factor productivity of French private companies: Between microeconomic heterogeneity and inappropriate government policies

A Bouattour, M Kalai, K Helali - Managerial and Decision …, 2024 - Wiley Online Library
This article aims to find an explanation for the slowdown in the total factor productivity (TFP)
of private firms on the one hand, and on the other hand, to show the need for state …

The Reform of the European Union's Fiscal Governance Framework in a New Macroeconomic Environment (La reforma del marco de gobernanza de la política fiscal …

M Alloza, J Andrés, P Burriel, I Kataryniuk… - Banco de Espana …, 2021 - papers.ssrn.com
The main proposals for the reform of the European Union's fiscal policy framework affect
three blocks of issues:(i) simplifying the rules to make them more transparent and flexible;(ii) …

The effects of government spending in the Eurozone

RD Gabriel, M Klein, AS Pessoa - Journal of the European …, 2023 - academic.oup.com
Using a newly assembled rich dataset at the regional level, this paper provides novel
empirical evidence on the effects of fiscal policy in the Eurozone. Our baseline estimates …

Bond convenience yields in the eurozone currency union

Z Jiang, HN Lustig, S Van Nieuwerburgh… - Columbia Business …, 2020 - papers.ssrn.com
In a monetary union, the risk-free rate cannot respond to country-level fiscal positions,
leaving only default spreads and convenience yields to respond. Empirically, we find that …

Fiscal stabilization in the United States: lessons for monetary unions

P Nikolov, P Pasimeni - Open Economies Review, 2023 - Springer
The debate about the use of fiscal instruments for macroeconomic stabilization has regained
prominence in the aftermath of the Great Recession, and its relevance has suddenly …

Fiscal sustainability: Interest rates, growth and debt-based policy rules

G Economides, A Philippopoulos - EconPol Forum, 2023 - econstor.eu
Calculations based on the intertemporal government budget constraint can be only
indicative regarding an economy's fiscal sustainability. Sovereign interest rates, growth …