Navigation path

Search and browse hundreds of European Commission economic publications.

Recent Publications

526 - Evaluating Fiscal Policy: A Rule of Thumb

526 - Evaluating Fiscal Policy: A Rule of Thumb

This paper introduces a simple rule for appraising the economic soundness of fiscal policies. It connects fiscal policy to a long-run debt objective, taken as an anchor, while arbitraging symmetrically between this debt objective and output stabilisation. The rule offers a benchmark to assess the evolution of primary expenditure, net of the impact of discretionary revenue measures, taken as a proper operational target for annual fiscal policy.

Categories: Economic policy coordination; Public finances; The euro

Series: Economic Papers

 
525 - Public Spending Reviews: design, conduct, implementation - Caroline Vandierendonck

525 - Public Spending Reviews: design, conduct, implementation - Caroline Vandierendonck

Public expenditure accounts for almost half of the annual wealth created in the EU (49.0% of GDP in 2013). A major policy lesson stemming from the crisis is the need to enhance expenditure performance, which can be defined as the reinforced connection between funding decisions and policy priorities (shall this policy be funded with public money?) and subsequently between funding levels and results delivered to end-users (what is the value for public money?).

Categories: Economic policy coordination; Public finances

Series: Economic Papers

 
524 - Future Directions for the Irish Economy. Conference Proceedings - Graham Stull

524 - Future Directions for the Irish Economy. Conference Proceedings - Graham Stull

Ireland's successful conclusion of the financial assistance programme provides an important opportunity to assess the prospects of the Irish economy to achieve good growth, to prevent future banking crises and to lock in budgetary and fiscal improvements that were achieved over the course of the Programme.

Categories: EU Member State economies; Public finances; Financial markets

Series: Economic Papers

 
36 - A More Normal World?

36 - A More Normal World?

The US, Japan and China appear to be heading towards a "new normal". However, the 2014-16 period will be critical to ensure that global growth is put on a sustainable path as ample challenges persist. The brief will first discuss what the new manual would look like in the US, Japan and China. It also analyses the downside risks and the challenges related to the transition to the new normal. The possible implications of the paths followed by these countries to move to a "new normal" for the growth outlook of the European Union and the Euro Area is briefly discussed in the final part of this brief.

Category: International economics and non-EU economies

Series: Economic Briefs

 
523 - The use of tax expenditures in times of fiscal consolidation - Lovise Bauger

523 - The use of tax expenditures in times of fiscal consolidation - Lovise Bauger

Against the background of recovering growth and remaining fiscal consolidation needs, reforming tax expenditures may offer a promising avenue to raise revenue and, at the same time, improve efficiency of the tax systems. The workshop, held by DG ECFIN on 23 October 2013, addressed the economic and budgetary aspects of tax expenditures, including reporting practices, and discussed the rationale for business tax incentives and the distributional effects of tax reliefs in personal income taxation.

Categories: Public finances

Series: Economic Papers

 

Browse by

/economy_finance/dynamic_panel/browse-by.htm

Most popular

Most read ECFIN publications in July :

Additional tools

  • Print version 
  • Decrease text 
  • Increase text