Priorities for fiscal policies under the 2019 European Semester

Stephan Haroutunian, Sebastian Hauptmeier and Nadine Leiner-Killinger

Economic Bulletin Boxes, 2019, vol. 5

Abstract: This box examines the fiscal policy recommendations addressed to the euro area countries against the background of downside risks to the outlook for a continued economic expansion. The examination shows that in countries with high levels of government debt, building buffers to strengthen resilience in cyclical downturns remains a priority for fiscal policies. At the same time, countries that have achieved sound fiscal positions could utilise some fiscal space for measures to support economic growth. JEL Classification: E62, H6

Keywords: European Semester; Fiscal Policy; SGP (search for similar items in EconPapers)
Date: 2019-08
Note: 343309
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2019:0005:7

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