ECFIN New Publication

Economic and Financial Affairs

Dear subscriber,
The Directorate-General for Economic and Financial Affairs (DG ECFIN) of the European Commission is pleased to inform you about its newest publication for your free download as PDF:

Macroeconomic Responses to Fiscal Shocks in Portugal

This study analyses the impact of fiscal shocks on GDP, inflation and interest rates in Portugal between 1995 and 2017.

The Semi-Elasticities Underlying the Cyclically-Adjusted Budget Balance: An Update and Further Analysis

This papers examines and updates the methodology used for calculating the semi-elasticities that underlie the EU fiscal framework’s analysis of cyclically-adjusted budget balances.

Benchmarks for Net International Investment Positions

This paper explores the use of benchmarks to assess the appropriateness of national net international investment positions.

Automatic Fiscal Stabilisers in the EU: Size and Effectiveness

This Economic Brief looks at automatic stabilisers in EU Member States and discusses policy options to improve their functioning and increase their stabilisation properties.

This is a new DG ECFIN publication.

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