Europe’s fiscal rules – up for debate
By Pierre Aldama and Jérôme Creel At the euro zone summit in December 2018, the heads of state and government hit the brakes hard on […]
public debt
The Janus-Faced Nature of Debt
by Mattia Guerini, Alessio Moneta, Mauro Napoletano, Andrea Roventini The financial and economic crises of 2008 have been intimately interwined with the dynamics of debt. […]
Balance sheets effects of a euro break-up
By Cédric Durand (Université Paris 13), and Sébastien Villemot When it was introduced at the turn of the millennium, the euro was widely perceived as […]
European Semester: assessing the aggregate fiscal stance is good, discussing about its economic impact is better
by Raul Sampognaro On November the 26th, the ECFIN launched the European Semester and published the 2016 Annual Growth Survey and the Euro Area policy […]
Wage moderation in Germany – at the origin of France’s economic difficulties
By Xavier Ragot, President of the OFCE, CNRS-PSE, together with Mathilde Le Moigne, ENS If the future of the euro zone does indeed depend on […]
The Greek Sisyphus and its public debt: towards an end to the ordeal?
By Céline Antonin After its failure to elect a new President by a qualified majority vote, the Greek Parliament was dissolved, with early elections to […]
Does growth in the euro zone really depend on a hypothetical German fiscal stimulus?
By Christophe Blot and Jérôme Creel The debate on economic policy in Europe was re-ignited this summer by Mario Draghi during the now traditional symposium […]
Towards a better governance in the EU?
By Catherine Mathieu and Henri Sterdyniak The 10th EUROFRAME Conference on economic policy issues in the European Union was held on 24 May 2013 in Warsaw […]
Revising the budget in Croatia: yes, but … for whom and why?
By Sandrine Levasseur Under the excessive deficit procedure that Croatia has been subject to since 28 January 2014, the country’s government has been obliged to revise […]
So far so good …
By Christophe Blot The euro zone is still in recession. According to Eurostat, GDP fell again in the fourth quarter of 2012 (‑0.6%). This figure, […]