Opinion piece
01 May 2019
When facts change, change the pact
“When facts change, I change my mind,” John Maynard Keynes famously said. With long-term interest rates currently near zero, the European Union should
Fiscal policy
Showing 129-144 of 202 results
Blog post
03 April 2019
How visible are independent fiscal institutions in public debate?
Independent fiscal institutions have no formal powers to act and have to rely on soft power to influence the budgetary process. This blog post investi
Blog post
01 April 2019
Secular stagnation and the future of economic stabilisation
Larry Summers’ and Łukasz Rachel’s most recent study documents a secular fall in neutral real rates in advanced economies. According to the authors, t
Blog post
05 February 2019
The higher yield on Italian government securities is becoming a burden for the real economy
Francesco Papadia and Inês Gonçalves Raposo have recently written on Italian fiscal policy and the increase in the spread between Italian (BTP) and Ge
Blog post
21 January 2019
Is public debt a cheap lunch?
The fiscal and welfare costs of public debt, following Olivier Blanchard's presidential lecture at the American Economic Association, in which he sugg
Blog post
11 December 2018
Economic policy challenges in Southern and Eastern Mediterranean
For a long time, southern and eastern Mediterranean countries struggled with serious socio-economic challenges and dysfunctional economic systems and
Event
22 November 2018
Reviewing the EU fiscal framework
What are the positive and negative developments and is there scope for improvement?
External publication
05 November 2018
Euro area reform: An anatomy of the debate
A year ago, a group of 14 French and German economists joined forces with the aim of forging common proposals for euro area reforms. Their report gave
Opinion piece
31 October 2018
Plädoyer gegen eine Politik der Scheinlösungen
Der Daueraufschwung verdeckt, dass Deutschland für die nächste Krise schlecht gerüstet ist. Und das Zeitfenster für Reformen schließt sich.
Policy brief
24 October 2018
European fiscal rules require a major overhaul
In this Policy Contribution prepared for the French Conseil d’Analyse Économique, the authors assess current European fiscal rules and propose a major
Podcast
09 October 2018
Director’s Cut: How does Italy’s budget fit with EU fiscal rules?
In this Director’s Cut of ‘The Sound of Economics’, Guntram Wolff welcomes Bruegel research fellow Grégory Claeys to assess how the new Italian budget
Blog post
08 October 2018
Italy’s new fiscal plans: the options of the European Commission
The Italian government has announced an increase of its deficit for 2019, breaking the commitment from the previous government to decrease it to 0.8%
Blog post
17 September 2018
Reforming the EU fiscal framework
Researchers have often highlighted the problematic nature of the currently very complex EU fiscal framework. Here we review economists’ views on how i
Blog post
13 September 2018
The economic case for an expenditure rule in Europe
Proposals for reforming the euro area back on the agenda. An overhaul of the European fiscal rules should be on high on this agenda, because the curre
Event
12 September 2018
Reforming Europe's fiscal framework
This event will discuss reforming Europe's fiscal framework in order to make it less complex and more effective.
Blog post
21 August 2018
The great fiscal lever: An Italian economic obsession
In the Italian macroeconomic context, many are convinced that if only we had a large enough fiscal lever, we could set in motion an economy that has s