The aim of the workshop was to bring together researchers and fiscal policy experts from public and private institutions with a view to explore the possibility of refining the battery of indicators used by the Commission to assess Member States' budgetary performance, including the need to increase transparency and reliability of data. This challenge has become particular important after the recent reform of the Stability and Growth Pact.
|F. Ballabriga, ESADE Business School, Barcelona, and |
C. Martinez-Mongay, European Commission.
Discussant: F. Balassone, Banca d'Italia.
|“A further inquire about the Sustainability of Fiscal Policy in the EU,?” (pdf file 120kb)|
|J. Gokhale, Cato Institute, Washington D.C.|
Discussant: P. Eckefeldt, European Commission.
|“Unfunded Obligation Measures for EMU Countries” (pdf file 1200 kb)|
|P. Brandner, Austrian Ministry of Finance, L. Diebalek and
W. Köhler-Tögelhofer, Austrian National Bank, Vienna.
Discussant: J. Fischer, European Commission.
|“Budget balance decomposed: Tracking Fiscal Policy in Austria” (pdf file 130 kb)|
|A. Afonso, ECB,and |
P. Claeys, European University Institute, Florence.
Discussant: J. In't Veld, European Commission.
|“The dynamic behaviour of budget components and output – the cases of France, Germany, Portugal and Spain” (pdf file 470 kb)|
|F. Balassone, IMF and Banca d'Italia, |
D. Franco and S. Zotteri,
Banca d'Italia, Rome.
Discussant: J. Nogueira Martins, European Commission.
|“The reliability of EMU fiscal indicators: Risks and Safeguards” (pdf file 140 kb)|
|R. Barrell, I. Hurst and J. Mitchell, National Institute of Economic and|
Social Research, London.
Discussant: G. Kopits, National Bank of Hungary.
|“Uncertainty bounds for Cyclically Adjusted Budget Balances” (pdf file 800 kb)|