Non-Tax Revenue in the European Union: A Source of Fiscal Risk? (15/02/2017)
This is a study on the characteristics and determinants of non-tax revenue in the EU Member States, with a particular focus on the fiscal risk from the volatility of non-tax revenue.
European Economic Forecast – Winter 2017 (13/02/2017)
Having proven resilient to global challenges last year, the European economic recovery is expected to continue this year and next: for the first time in almost a decade, the economies of all EU Member States are expected to grow throughout the entire forecasting period (2016, 2017 and 2018). However, the outlook is surrounded by higher-than-usual uncertainty.
The Debt Sustainability Monitor 2016 provides an overview of the challenges to public finance sustainability faced by Member States in the short, medium and long term.
Solving for Structural Gravity in Panels. Yes we can (22/12/2016)
This paper looks at econometric issues related to bilateral trade and proposes new tools to help overcome certain methodological difficulties related to theoretical structural gravity models.
Exploring Italy's Growth Challenge. A Model-Based Exercise (22/12/2016)
This paper investigates the causes of sluggish productivity growth in Italy and uses a set of stylized model-based simulations to assess the potential impact of growth-enhancing reforms.
Recent Tax Reforms in Italy: the Impact on Households and Workers (22/12/2016)
This paper uses economic modelling to assess the likely effects of recent tax reforms in Italy.
Report on Public Finances in EMU 2016 (19/12/2016)
The European Commission’s annual Report on Public Finances in EMU provides an overview of key policy developments and analytical findings which contribute to the Commission’s opinions on the draft budgetary plans of Member States.
Quarterly Report on the Euro Area (QREA), Vol. 15, No. 3 (2016) (19/12/2016)
In this edition of the QREA, European Commission staff look at the monetary and fiscal policy mix in the euro area and the challenges policymakers face in the current environment. Ways to strengthen the resilience of euro area Member States are also explored and in another chapter, concerns about market liquidity are investigated.
Measuring the Uncertainty in Predicting Public Revenue (19/12/2016)
This study looks at the uncertainty surrounding revenue predictions in the European Commission’s forecasts over the last 15 years.
This report by the European Commission presents the findings of the sixth post-programme surveillance mission to Spain and identifies remaining challenges for the Spanish economy.
This report by the European Commission presents the findings of the first post-programme surveillance mission to Cyprus and identifies remaining challenges for the Cypriot economy.