Playing by the Rules: Reforming Fiscal Governance in Europe
Electronic Access:
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Summary:
The paper contributes to the discussions on fiscal governance in Europe. It takes stock of recent reforms, identifies areas for further progress, and discusses a menu of policy options for the medium-term. The issues covered include: (i) the growing complexity of the European framework and ways to simplify it; (ii) the difficulties to measure and implement structural stance indicators; (iii) the challenge of reconciling fiscal sustainability and growth; (iv) the need to enhance coordination in the area of monitoring; and (v) the obstacles to compliance and proposals to strengthen enforcement.
Series:
Working Paper No. 2015/067
Subject:
Fiscal governance Fiscal policy Fiscal rules Fiscal stance Public debt
English
Publication Date:
March 24, 2015
ISBN/ISSN:
9781484300282/1018-5941
Stock No:
WPIEA2015067
Pages:
50
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