A Targeted Golden Rule for Public Investments?

Sebastian Blesse, Florian Dorn and Max Lay

No 42, EconPol Policy Reports from ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Abstract: A Comparative Analysis of Possible Accounting Methods in the Context of the Review of Stability and Growth Pact The EU faces the challenge to combine large and sustained investments to promote the transition towards a green, digital, and competitive Europe while maintaining fiscal sustainability. Based on a comprehensive literature review on the effects of fiscal rules and investment clauses on public finances, this in-depth analysis provides some guidance how higher public investments can be achieved by a targeted golden rule without harming fiscal sustainability in the EU fiscal framework. The study also discusses the role of investments in the current proposals of the European Commission on the reform of the EU Economic Governance.

Date: 2023
New Economics Papers: this item is included in nep-acc, nep-eec and nep-mfd
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Citations: View citations in EconPapers (3)

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