Applying nominal expenditure rules in the euro area (CEPS)

In the debate on euro area fiscal governance, the current deficit rules of the EU have repeatedly been criticised to have a pro-cyclical effect, leading to overly lax fiscal policies in good times and a too restrictive regime in bad times. An analysis by EconPol researchers Clemens Fuest and Daniel Gros shows that most major EU countries are over-spending at a level not compatible with spending rules for sustainable public finances.

https://www.ceps.eu/publications/applying-nominal-expenditure-rules-euro-area

Lascia un commento

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *