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Towards New Fiscal Rules in the Euro Area?

Author

Listed:
  • Catherine Mathieu

    (L’Observatoire français des conjonctures économiques)

  • Henri Sterdyniak

    (Sciences Po)

Abstract

Faced with the impossibility of reaching a political agreement to review the fiscal treaties, the Commission could limit itself to applying the current rules with flexibility, which would maintain an ambiguous situation: much ado about nothing.

Suggested Citation

  • Catherine Mathieu & Henri Sterdyniak, 2022. "Towards New Fiscal Rules in the Euro Area?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 57(1), pages 16-20, January.
    • Handle: RePEc:spr:intere:v:57:y:2022:i:1:d:10.1007_s10272-022-1022-0
    DOI: 10.1007/s10272-022-1022-0
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    References listed on IDEAS

    as
    1. repec:hal:spmain:info:hdl:2441/dambferfb7dfprc9lip1oi0sn is not listed on IDEAS
    2. Catherine Mathieu & Henri Sterdyniak, 2013. "Do we need fiscal rules?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 189-233.
    3. Catherine Mathieu & Henri Sterdyniak, 2019. "Euro Area Macroeconomics. Where Do We Stand 20 Years Later?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(HS), pages 55-88.
    4. Catherine Mathieu & Henri Sterdyniak, 2015. "Should we still use the concept of potential growth ?," Sciences Po publications 2015-30, Sciences Po.
    5. Orsola Costantini, 2020. "The Eurozone as a Trap and a Hostage: Obstacles and Prospects of the Debate on European Fiscal Rules," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(5), pages 284-291, September.
    6. repec:hal:spmain:info:hdl:2441/248c17h0i8asp35af48q3bv1v is not listed on IDEAS
    7. Catherine Mathieu & Henri Sterdyniak, 2019. "Euro area macroeconomics, 20 years later," SciencePo Working papers Main hal-03403662, HAL.
    8. Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
    9. Olivier Blanchard & Alvaro Leandro & Jeromin Zettelmeyer, 2021. "Redesigning EU fiscal rules: from rules to standards," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 36(106), pages 195-236.
    10. Achim Truger, 2015. "Implementing the golden rule for public investment in Europe," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 138, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    11. repec:hal:spmain:info:hdl:2441/299ncu2o1b92c9773ttpt45gsn is not listed on IDEAS
    12. Zsolt Darvas & Philippe Martin & Xavier Ragot, 2018. "European fiscal rules require a major overhaul," Policy Contributions 27957, Bruegel.
    13. Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 2.
    14. Grégory Claeys & Zsolt Darvas & Alvaro Leandro, 2016. "A proposal to revive the European Fiscal Framework," Policy Contributions 13490, Bruegel.
    15. repec:hal:wpspec:info:hdl:2441/dambferfb7dfprc9lip1oi0sn is not listed on IDEAS
    16. Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    E62; H63; H77;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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