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Infrastructure financing in Europe and the Fiscal Compact approach

Author

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  • Rainer Masera

    (Università G. Marconi, Roma)

Abstract

Infrastructure systems are closely connected with the aggregate production function and endogenous growth. To encourage their development, it is necessary to address the question of their selection and financing, especially re-considering the budget rules defined by the Fiscal Compact. Among the necessary measures are the review of Basel 3 and Solvency 2 regulation, the shift towards European supervisory and regulation authorities and the reliance on the European Investment Bank to finance European projectss

Suggested Citation

  • Rainer Masera, 2012. "Infrastructure financing in Europe and the Fiscal Compact approach," BANCARIA, Bancaria Editrice, vol. 6, pages 2-21, June.
    • Handle: RePEc:ban:bancar:v:06:y:2012:m:june:p:2-21
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    More about this item

    JEL classification:

    • H4 - Public Economics - - Publicly Provided Goods
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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