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Euro Area Fiscal Stance And Its Operationalisation Perspective

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cris.lastimport.scopus2024-02-12T19:31:05Z
dc.abstract.enEuro area fiscal stance is a useful notion for the purpose of coordination of fiscal policies as countercyclical instruments in times of extremely low interest rates. European Fiscal Board's judgement of the broadly neutral EAFS being appropriate in 2018 was linked with the asymmetry of macro stabilisation policy options created by interest rates bounded at zero. Such neutral stance need not be incompatible with the Stability and Growth Pact. The notes describes main keys along which a desired EAFS can be distributed among Member States and proposes a mechanism utilising Macroeconomic Imbalance Procedure to address Stability and Growth Pact's asymmetry which does not include provisions for over-achieving countries if Euro Area slump calls for a looser fiscal stance.
dc.affiliationUniwersytet Warszawski
dc.conference.countryBelgia
dc.conference.datefinish2017-09-19
dc.conference.datestart2017-09-19
dc.conference.placeBrussels
dc.conference.seriesEnhanced Fiscal Integration in the EMU? Proceedings of the joint workshop, organised by the European Commission, the European Stability Mechanism and the German Council of Economic Experts
dc.conference.seriesEnhanced Fiscal Integration in the EMU? Proceedings of the joint workshop, organised by the European Commission, the European Stability Mechanism and the German Council of Economic Experts
dc.conference.shortcutEnhanced Fiscal Integration in the EMU?
dc.contributor.authorSzczurek, Mateusz
dc.date.accessioned2024-01-24T23:37:44Z
dc.date.available2024-01-24T23:37:44Z
dc.date.issued2018
dc.description.financeNie dotyczy
dc.description.volume82
dc.identifier.doi10.2765/007960
dc.identifier.issn2443-8022
dc.identifier.urihttps://repozytorium.uw.edu.pl//handle/item/106520
dc.identifier.weblinkhttps://ec.europa.eu/info/publications/economy-finance/enhanced-fiscal-integration-emu-proceedings-joint-workshop-organised-european-commission-european-stability-mechanism-and-german-council-economic-experts_en
dc.languageeng
dc.relation.ispartofEuropean Economy - Discussion Papers 2015 -
dc.relation.pages40-44
dc.rightsClosedAccess
dc.sciencecloudnosend
dc.titleEuro Area Fiscal Stance And Its Operationalisation Perspective
dc.typeJournalArticle
dspace.entity.typePublication