A targeted golden rule for public investments? A comparative analysis of possible accounting methods in the context of the review of the SGP

Authors
Publication date 01-2023
ISBN
  • 9789284801398
ISBN (electronic)
  • 9789284801404
Number of pages 42
Publisher Brussels: Economic Governance and EMU scrutiny Unit
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
  • Faculty of Economics and Business (FEB)
Abstract The Communication by the European Commission to reform the Economic Governance Framework offers welcome headspace for public investment, while avoiding the de jure adoption of a ‘targeted Golden Rule’ as this could conflict with national accounting conventions. However, even with this reform, EU- strategic goals for public investment risk to be missed once the Recovery and Resilience Facility (RRF) runs out. Making a RRF-like instrument a permanent feature of the EU’s fiscal landscape could be a way forward.
Document type Report
Note PE 733.740
Language English
Published at https://doi.org/10.2861/645363
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