Catenarian fiscal discipline

Hans Gersbach, 4 January 2014

a

A

Limiting the accumulation of public debt in democracies has always been a problem, but it has become a particularly pressing one in the last few decades.

Topics: Macroeconomic policy
Tags: debt, democracy, fiscal discipline, fiscal policy, time inconsistency

Understanding Eurozone debt developments by nation

Gianluca Cafiso, 5 January 2012

a

A

Fiscal discipline looks set to start 2012 as it ended 2011: centre-stage in the Eurozone debate (Wyplosz 2011). While the fiscal compact agreed upon in December 2011 sets out new fiscal rules, many are expecting another round of emergency summits.

Topics: EU policies, Europe's nations and regions
Tags: Eurozone crisis, fiscal discipline

A fiscal union for the euro: Some lessons from history

Michael Bordo, Lars Jonung, Agnieszka Markiewicz, 21 September 2011

a

A

The current sovereign debt crisis in Europe, now threatening the existence of the euro, has revealed major faults in the design of the fiscal framework of the Eurozone. It has inspired a heated debate reflected in a steady flow of proposals concerning the proper rules and institutions for fiscal policymaking in the EU.

Topics: EU policies, Europe's nations and regions
Tags: Eurozone crisis, fiscal discipline, monetary union

Vox eBooks

Events