Several European Union countries have recently implemented or are envisaging fiscal that operations improve budgetary figures but have no structural impact on g

This paper assesses the relative strengths and weaknesses of fiscal institutions in ten Southeastern European countries, using recent benchmarking methodologies

For a number of countries - Italy, Netherlands, the United Kingdom, Germany, Ireland, and France - this paper develops an inter-temporal model that elicits the

This paper examines the interest spending and taxation channels through which EMU could affect the public finances. It provides a framework for examining differ

The EU’s fiscal framework needs reform. While existing fiscal rules have had some impact in constraining deficits, they did not prevent deficits and debt rati