Download or read book The 2013 Stability and Convergence Programmes written by European Commission. Directorate-General for Economic and Financial Affairs and published by . This book was released on 2013 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper provides an overview of Member States' 2013 Stability and Convergence Programmes (SCPs), with a focus on fiscal consolidation plans over 2012-2016. It serves as background for the examination of the SCPs against the requirements of the Stability and Growth Pact - both the corrective and the preventive arm- and provides a global, aggregated view of fiscal policy plans in the Union and the euro area as a whole."--Document home page.
Download or read book The 2014 Stability and Convergence Programmes written by Lourdes Acedo Montoya and published by . This book was released on 2014 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper provides an overview of Member States' 2014 Stability and Convergence Programmes (SCPs), with a focus on fiscal consolidation plans over 2013-2017. It serves as background for the examination of the SCPs against the requirements of the Stability and Growth Pact - both the corrective and the preventive arm - and provides a global, aggregated view of fiscal policy plans in the Union and the euro area as a whole."--Document home page.
Download or read book The New Stability and Convergence Programmes written by and published by . This book was released on 1999 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The 2015 Stability and Convergence Programmes written by and published by . This book was released on 2015 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides an overview of the 2015 Stability and Convergence Programmes (SCPs). It offers the opportunity for Member States to take an overall view of the fiscal plans over 2015-2018, both at the EU or euro area level and at the Member States level.
Download or read book Effects of Fiscal Consolidation Envisaged in the 2013 Stability and Convergence Programmes on Public Debt Dynamics in EU Member States written by Katia Berti and published by . This book was released on 2013 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper presents a simple analysis of the public debt-to-GDP ratio responses to fiscal consolidation efforts envisaged in the 2013 Stability and Convergence Programmes presented by EU Member States. In this paper we assess the response of the debt-to-GDP ratio to the fiscal consolidation efforts envisaged in the 2013 Stability and Convergence Programmes (SCPs) presented by EU Member States, under different assumptions on the underlying fiscal multipliers. The effects of fiscal consolidation are assessed against a counterfactual no-consolidation scenario, in which the structural primary balance is kept constant at 2012 value. We show that large fiscal multipliers lead to temporary increases in the debt ratio following consolidation, relative to the no-consolidation baseline. However, for high but plausible values of the multipliers, such counter-intuitive effects are relatively short-lived (maximum three years from the beginning of the consolidation programme). Increases in the debt ratio are anyway more protracted if financial markets react myopically to consolidation efforts (demanding higher yields). Despite the possible negative short-term effects, consolidation is needed as the debt dynamic in absence of policy intervention is in many cases quite steep and further debt increases would raise the likelihood of a self-defeating dynamics in the future. Based on our simple analytical framework, short-term increases in the debt ratio (relative to baseline) following consolidation could take place for a group of countries expected to experience high fiscal multipliers, including Belgium, Cyprus, France, Greece, Italy, Ireland, Portugal, Slovenia and Spain.."--Document home page.
Download or read book The European dimension in the national reform programmes and the stability and convergence programmes written by Peter Claeys and published by . This book was released on 2012 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fourth Report of Session 2012 13 written by Great Britain. Parliament. House of Commons. European Scrutiny Committee and published by The Stationery Office. This book was released on 2012-06-27 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 1 Stability and convergence written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Squaring the Circle in Euroland Some Remarks on the Stability and Convergence Programmes 2010 2013 written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Convergence Programme for the United Kingdom written by and published by Hm Treasury. This book was released on 2006-01-01 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fifth report of session 2013 14 written by Great Britain: Parliament: House of Commons: European Scrutiny Committee and published by Stationery Office. This book was released on 2013-06-27 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Twenty sixth Report of Session 2012 13 written by Great Britain: Parliament: House of Commons: European Scrutiny Committee and published by The Stationery Office. This book was released on 2013-01-21 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Constitutional Boundaries of European Fiscal Federalism written by Brady Gordon and published by Cambridge University Press. This book was released on 2022-04-14 with total page 565 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book bridges the study of European constitutionalism with the study of 'fiscal federalism' – the subfield of public economics concerned with structuring public finances between different levels of government in federal states. On one axis, this book delves into European Union and Member State constitutional law from all EU Member States in order to investigate and identify the existence of permanent constitutional boundaries that will impinge upon the selection of proposed models for EU fiscal federalism. On the second axis, this book engages the study of fiscal federalism in order to determine which institutional configurations known to that field remain legally and economically implementable within those boundaries. It provides a far-reaching investigation of which models of fiscal federalism are compatible with the constitutional boundaries of the European legal order.
Download or read book OECD Economic Surveys Euro Area 2014 written by OECD and published by OECD Publishing. This book was released on 2014-04-03 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2014 edition of OECD's Economic Survey of the Euro Area examines recent economic developments, prospects and policies. A special chapter covers making the Euro Area function better: the banking union and fiscal framework.
Download or read book The Incomplete Currency written by Marcello Minenna and published by John Wiley & Sons. This book was released on 2016-04-04 with total page 832 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fact-based treatise on the Eurozone crisis, with analysis of possible solutions The Incomplete Currency is the only technical — yet accessible — analysis of the current Eurozone crisis from a global perspective. The discussion begins by explaining how the Euro's architecture, the relationship between finance and the real economy, and the functioning of the Eurosystem in general are all at the root of the current crisis, and then explores possible solutions rooted in fact, not theory. All topics are analysed and illustrated, making extensive use of examples, tables, and graphics, and the ideas presented are supported by data sets and their statistical elaborations throughout the book. An extensive digital component includes numerical simulations of public debt dynamics for different Eurozone countries, evaluations of the sustainability of programmes like the Fiscal Compact, and stress tests on the ability of institutions like the ESM to cope with major liquidity crises, and the spreadsheets used to calculate data in the book is provided for readers to access for themselves. The survival of the European monetary union has been questioned due to the accumulation of structural imbalances and the negative effects of the global financial crisis. This book lays out the full extent of the problem, explains what caused it, and provides possible solutions backed by extensive data. Dig down to the root of the Eurozone crisis Learn why austerity doesn't fix anything Understand how the Euro has changed economies Consider possible strategies for recovery In a macroeconomic context where the monetary policy is the prerogative of the European Central Bank and fiscal policy, hopeless austerity works against the economic recovery of the Eurozone countries. A positive attitude is difficult, but necessary. The Incomplete Currency is an insightful, important resource that guides readers toward real solutions.
Download or read book First report of session 2013 14 written by Great Britain: Parliament: House of Commons: European Scrutiny Committee and published by Stationery Office. This book was released on 2013-05-17 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ireland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-11-04 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ireland’s major property bubble burst at the same time as the global financial crisis erupted, plunging the country into a severe recession in 2008–10. Public debt climbed rapidly as revenues collapsed and as banks’ rising loan losses increasingly required public support. Following the Greek crisis in spring 2010 and emerging tensions in the euro area, the last act in the process saw the operation of the “sovereign-bank loop”—a vicious cycle where uncertainty about banks’ health fed into doubts around the sustainability of public debt, which only added to fears about the banks. The government lost access to market financing at manageable interest rates, and Ireland entered into a three-year program supported by €67.5 billion of financial assistance from the European Union (EU) and IMF in late 2010. Ireland’s program therefore had three main goals: restoring the viability of the banking system; putting the public finances on a sustainable path and returning to market funding; and restarting economic recovery including by improving growth potential. A large bank recapitalization in early 2011 helped stabilize deposits and other bank funding. The government’s access to market financing was progressively regained from mid 2012, enabling Ireland to exit the program at the end of 2013 and rely fully on market financing at highly favorable terms. The first signs of recovery were seen in strong job creation starting in the second half of 2012, and Ireland’s recent economic figures have surpassed even the most optimistic expectations, with growth of about 5 percent in 2014. Seeking to draw lessons for Ireland, the EU, and the IMF, as well as other countries facing similar challenges, the Central Bank of Ireland (CBI), the Centre for Economic Policy and Research (CEPR), and the IMF organized a conference titled “Ireland—Lessons from Its Recovery from the Bank-Sovereign Loop.” Held on January 19, 2015, at the historic Dublin Castle, it brought together Irish government representatives, European officials, academics, journalists, private sector representatives, and other stakeholders, as well as the IMF’s Managing Director. The conference discussions were anchored by three papers by leading international academics and moderated by journalists familiar with the issues. The event concluded with a high-level panel discussion by senior policymakers.
