Fiscal policy staying the course in troubled times by Niels Thygesen, Roel Beetsma, Massimo Bordignon, Xavier Debrun, Mateusz Szczurek, Martin Larch, Matthias Busse, Mateja Gabrijelcic, Laszlo Jankovics, Janis Malzubris published by VOXEU (6/2022). The war in Ukraine has clouded the…
Public finances and climate change in the post-pandemic era by Niels Thygesen, Roel Beetsma, Massimo Bordignon, Xavier Debrun, Mateusz Szczurek, Martin Larch, Matthias Busse, Mateja Gabrijelcic, Laszlo Jankovics, Janis Malzubris published by VOXEU (3/2022). “One of the key challenges for…
Fiscal is local: EU standards for national fiscal frameworks by Xavier Debrun, Wolf Heinrich Reuter published by VOXEU (1/2022). The European fiscal governance framework has grown into an arcane machinery. Yet, experts’ convergence on the need for a more effective…
Second-Generation Fiscal Rules: Balancing Simplicity, Flexibility, and Enforceability prepared by Luc Eyraud, Xavier Debrun, Andrew Hodge, Victor Lledó, and Catherine Pattillo published by IMF (4/2018). “Fiscal rules are widely used to constrain fiscal policy discretion and promote fiscal discipline….
High debt, low rates, and tail events: Rules-based fiscal frameworks under stress by Niels Thygesen, Roel Beetsma, Massimo Bordignon, Xavier Debrun, Mateusz Szczurek, Martin Larch, Matthias Busse, Mateja Gabrijelcic, Laszlo Jankovics, Stefano Santacroce published by VOXEU (3/2021) National governments and…
It’s All in the Mix: How Monetary and Fiscal Policies Can Work or Fail Together by Elga Bartsch, Agnès Bénassy-Quéré, Giancarlo Corsetti, Xavier Debrun published by VOXEU (12/2020) The notion of the monetary-fiscal policy mix has made a spectacular comeback…
Reforming the EU fiscal framework: Now is the time by Niels Thygesen, Roel Beetsma, Massimo Bordignon, Xavier Debrun, Mateusz Szczurek, Martin Larch, Matthias Busse, Mateja Gabrijelcic, Eloïse Orseau, Stefano Santacroce published by VOXEU (10/2020) “This year’s annual report of the…
Independent Fiscal Councils: watchdogs or lapdogs? by Roel Beetsma and Xavier Debrun published by VOXEU (1/2018). “The essays in this book survey the motivations for IFCs, analyse their core features and effectiveness in varied institutional settings, distill elements of…
Independent fiscal councils and the conduct of fiscal policy: insights from a new eBook by Roel Beetsma and Xavier Debrun published by VOXEU (1/2018). “The proliferation of independent fiscal councils raises the question as to how toothless watchdogs can…
How expenditure rules can help get public spending right by Xavier Debrun published by IMF (6/2014). “The evidence in the Fiscal Monitor generally suggests that expenditure rules do their job when it comes to durable spending containment, stronger counter-cyclicality,…
