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On: 2022-03-08

Assessing the fiscal policy impact of the climate transition

Reports and papers

The transition to net zero emissions by 2050 requires substantial efforts from European governments, which is expected to have an enormous impact on the public finances. Without appropriate assessment, the transition could further pose significant fiscal risks.

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On: 2022-01-02

Testing output gaps: An Independent Fiscal Institutions’ guide

Reports and papers

Output gaps continue to play a major role among Independent Fiscal Institutions (IFIs) for assessing the appropriate fiscal stance, underlying or structural deficits and when monitoring fiscal rules. IFIs should therefore expand and improve upon existing models, testing different approaches and incorporating them into the analysis of potential output and the output gap.

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On: 2021-02-26

The public debt outlook in the EMU post Covid: A key challenge for the

Reports and papers

This paper takes stock of the emerging public finance landscape in the (post-)crisis environment. It explores 10-year scenarios for economic growth and public finances in several EU countries, and discusses their implications for fiscal sustainability

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On: 2021-02-26

How to strengthen fiscal surveillance towards a medium-term focus?

Reports and papers

This paper will assess the characteristics and pre-conditions of the effective medium-term frameworks in the EU, drawing from national experiences. This contribution is particularly relevant in the context of the Recovery and Resilience Facility since its implementation is expected to result in a significant increase in investment projects over the next three years

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On: 2018-05-04

Report on Medium-Term Budgetary Frameworks

Reports and papers

The Network of EU Independent Fiscal Institutions (EU IFIs) endorsed this Report at its meeting held in Rome on the 4th of May 2018.

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