EconPapers    
Economics at your fingertips  
 

A green 'New Deal' to boost Europe

Xavier Timbeau ()

Post-Print from HAL

Abstract: To exit the Great Recession and initiate the transition towards a low carbon economy, we propose a public-private investment plan in the energetic transition of about 2 points per year of European GDP. The key concept of this plan is the opportunity to reconsider the criteria for public finances using, as the goal of stability a concept of public debt net of created public assets (in percent of GDP), instead of gross public debt. An impartial body (eg the European Commission) could assess ex post and ex ante the value of investments, creating the incentives for coherent and effective public expenditure policies.

Date: 2014-05
New Economics Papers: this item is included in nep-env and nep-ger
Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-00988414
References: Add references at CitEc
Citations: Track citations by RSS feed

Published in Revue de l'OFCE - Debates and Policies, 2014, pp.221-229

Downloads: (external link)
https://hal-sciencespo.archives-ouvertes.fr/hal-00988414/document (application/pdf)

Related works:
Working Paper: A green 'New Deal' to boost Europe (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00988414

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2021-06-14
Handle: RePEc:hal:journl:hal-00988414