When Keynes goes to Brussels : a new fiscal rule for the EMU
Author
Abstract
Suggested Citation
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03459045
Download full text from publisher
References listed on IDEAS
- Thomas Piketty, 2013.
"Le capital au XXIe siècle,"
Post-Print
halshs-00979232, HAL.
- Thomas Piketty, 2013. "Le capital au XXIe siècle," PSE-Ecole d'économie de Paris (Postprint) halshs-00979232, HAL.
- Robert J. Gordon, 2016. "The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War," Economics Books, Princeton University Press, edition 1, number 10544.
- Mathilde Le Moigne & Francesco Saraceno & Sébastien Villemot, 2016.
"Probably Too Little, Certainly Too Late. An Assessment of the Juncker Investment Plan,"
PSE Working Papers
hal-03459360, HAL.
- Mathilde Le Moigne & Francesco Saraceno & Sébastien Villemot, 2016. "Probably Too Little, Certainly Too Late. An Assessment of the Juncker Investment Plan," SciencePo Working papers Main hal-03459360, HAL.
- Mathilde Le Moigne & Francesco Saraceno & Sebastien Villemot, 2016. "Probably too Little, Certainly too Late. An Assessement of the Juncker Investment Plan," Documents de Travail de l'OFCE 2016-10, Observatoire Francais des Conjonctures Economiques (OFCE).
- Mathilde Le Moigne & Francesco Saraceno & Sébastien Villemot, 2016. "Probably Too Little, Certainly Too Late. An Assessment of the Juncker Investment Plan," Working Papers hal-03459360, HAL.
- Jean‐Paul Fitoussi & Francesco Saraceno, 2008.
"Fiscal Discipline as a Social Norm: The European Stability Pact,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(6), pages 1143-1168, December.
- Jean-Paul Fitoussi & Francesco Saraceno, 2007. "Fiscal discipline as a social norm : the European Stability Pact," Working Papers hal-00972848, HAL.
- Jean-Paul Fitoussi & Francesco Saraceno, 2008. "Fiscal Discipline as a Social Norm: The European Stability Pact," Post-Print hal-01022573, HAL.
- Jean-Paul Fitoussi & Francesco Saraceno, 2007. "Fiscal Discipline as a Social Norm: The European Stability Pact," Documents de Travail de l'OFCE 2007-22, Observatoire Francais des Conjonctures Economiques (OFCE).
- Jean-Paul Fitoussi & Francesco Saraceno, 2007. "Fiscal discipline as a social norm : the European Stability Pact," SciencePo Working papers Main hal-00972848, HAL.
- Jean-Paul Fitoussi & Francesco Saraceno, 2008. "Fiscal Discipline as a Social Norm: The European Stability Pact," SciencePo Working papers Main hal-01022573, HAL.
- repec:hal:spmain:info:hdl:2441/9909 is not listed on IDEAS
- Francesco Giavazzi & Marco Pagano, 1990.
"Can Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries,"
NBER Chapters, in: NBER Macroeconomics Annual 1990, Volume 5, pages 75-122,
National Bureau of Economic Research, Inc.
- F. Giavazzi & M. Pagano, 1990. "Can Severe Fiscal Contractions Be Expansionary? Tales of two Small Euopean Countries," Working Papers 89, Dipartimento Scienze Economiche, Universita' di Bologna.
- Giavazzi, Francesco & Pagano, Marco, 1990. "Can Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries," CEPR Discussion Papers 417, C.E.P.R. Discussion Papers.
- Francesco Giavazzi & Marco Pagano, 1990. "Can Severe Fiscal Contractions be Expansionary? Tales of Two Small European Countries," NBER Working Papers 3372, National Bureau of Economic Research, Inc.
- Olivier J. Blanchard & Daniel Leigh, 2013.
"Growth Forecast Errors and Fiscal Multipliers,"
American Economic Review, American Economic Association, vol. 103(3), pages 117-120, May.
- Mr. Olivier J Blanchard & Mr. Daniel Leigh, 2013. "Growth Forecast Errors and Fiscal Multipliers," IMF Working Papers 2013/001, International Monetary Fund.
- Olivier J. Blanchard & Daniel Leigh, 2013. "Growth Forecast Errors and Fiscal Multipliers," NBER Working Papers 18779, National Bureau of Economic Research, Inc.
- Olivier Blanchard & Jordi Galí, 2007.
"Real Wage Rigidities and the New Keynesian Model,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(s1), pages 35-65, February.
- Olivier Jean Blanchard & Jordi Gali, 2005. "Real wage rigidities and the New Keynesian model," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
- Olivier Blanchard & Jordi Galõ, 2007. "Real Wage Rigidities and the New Keynesian Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(s1), pages 35-65, February.
- Blanchard, Olivier & GalÃ, Jordi, 2005. "Real Wage Rigidities and the New Keynesian Model," CEPR Discussion Papers 5375, C.E.P.R. Discussion Papers.
- Olivier Jean Blanchard & Jordi Gali, 2005. "Real wage rigidities and the New Keynesian model," Working Papers 05-14, Federal Reserve Bank of Boston.
- Olivier Blanchard & Jordi Galí, 2005. "Real wage rigidities and the new Keynesian model," Economics Working Papers 912, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2005.
- Olivier Blanchard & Jordi Galí, 2005. "Real Wage Rigidities and the New Keynesian Model," Working Papers 243, Barcelona School of Economics.
- Olivier Blanchard & Jordi Gali, 2005. "Real Wage Rigidities and the New Keynesian Model," NBER Working Papers 11806, National Bureau of Economic Research, Inc.
- Jérôme Creel & Paola Monperrus‐Veroni & Francesco Saraceno, 2009. "On The Long‐Term Effects Of Fiscal Policy In The United Kingdom: The Case For A Golden Rule," Scottish Journal of Political Economy, Scottish Economic Society, vol. 56(5), pages 580-607, November.
- Blanchard, Olivier, 1997. "Is There a Core of Usable Macroeconomics?," American Economic Review, American Economic Association, vol. 87(2), pages 244-246, May.
- Stephen Nickell, 1997. "Unemployment and Labor Market Rigidities: Europe versus North America," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 55-74, Summer.
- Michael Flaherty & Arkady Gevorkyan & Siavash Radpour & Willi Semmler, 2016. "Financing Climate Policies Through Climate Bonds," SCEPA working paper series. 2016-03, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
- Michael Woodford, 2009. "Convergence in Macroeconomics: Elements of the New Synthesis," American Economic Journal: Macroeconomics, American Economic Association, vol. 1(1), pages 267-279, January.
- Phelps, Edmund, 2015.
"Seven Schools of Macroeconomic Thought,"
OUP Catalogue,
Oxford University Press, number 9780198743903.
- Phelps, Edmund S., 1990. "Seven Schools of Macroeconomic Thought," OUP Catalogue, Oxford University Press, number 9780198283331, December.
- Adrian, Tobias & Shin, Hyun Song, 2010.
"Liquidity and leverage,"
Journal of Financial Intermediation, Elsevier, vol. 19(3), pages 418-437, July.
- Tobias Adrian & Hyun Song Shin, 2008. "Liquidity and leverage," Staff Reports 328, Federal Reserve Bank of New York.
- Hans-Werner Sinn, 2014.
"Austerity, Growth and Inflation: Remarks on the Eurozone's Unresolved Competitiveness Problem,"
The World Economy, Wiley Blackwell, vol. 37(1), pages 1-13, January.
- Hans-Werner Sinn, 2013. "Austerity, Growth and Inflation. Remarks on the Eurozone's Unresolved Competitiveness Problem," CESifo Working Paper Series 4086, CESifo.
- Sinn, Hans-Werner, 2014. "Austerity, growth and inflation: Remarks on the Eurozone’s unresolved competitiveness problem," Munich Reprints in Economics 19569, University of Munich, Department of Economics.
- Olivier Blanchard, 2000.
"What Do We Know about Macroeconomics that Fisher and Wicksell Did Not?,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(4), pages 1375-1409.
- Olivier Blanchard, 2000. "What do we know about Macroeconomics that Fisher and Wicksell did not?," NBER Working Papers 7550, National Bureau of Economic Research, Inc.
- Edmund Phelps, 2015.
"Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change,"
Economics Books,
Princeton University Press,
edition 1, number 10058-2.
- Edmund Phelps, 2013. "Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change," Economics Books, Princeton University Press, edition 1, number 10058.
- Olivier Blanchard, 2009.
"The State of Macro,"
Annual Review of Economics, Annual Reviews, vol. 1(1), pages 209-228, May.
- Olivier J. Blanchard, 2008. "The State of Macro," NBER Working Papers 14259, National Bureau of Economic Research, Inc.
- repec:hal:spmain:info:hdl:2441/2a4lft86ed8kqpphgfkgrdfrk1 is not listed on IDEAS
- Raghuram G. Rajan, 2010. "Fault Lines: How Hidden Fractures Still Threaten the World Economy," Economics Books, Princeton University Press, edition 1, number 9111.
- Richard B. Freeman, 2000. "Single Peaked Vs. Diversified Capitalism: The Relation Between Economic Institutions and Outcomes," NBER Working Papers 7556, National Bureau of Economic Research, Inc.
- Lawrence H Summers, 2014. "U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 49(2), pages 65-73, April.
- repec:hal:wpspec:info:hdl:2441/9909 is not listed on IDEAS
- Mr. George Kopits & Mr. Steven A. Symansky, 1998. "Fiscal Policy Rules," IMF Occasional Papers 1998/011, International Monetary Fund.
- Jérôme Creel & Francesco Saraceno, 2010. "The Crisis, Automatic Stabilisation, and the Stability Pact," Revista de Economía y Estadística, Universidad Nacional de Córdoba, Facultad de Ciencias Económicas, Instituto de Economía y Finanzas, vol. 48(1), pages 75-103, Junio.
- Francesco Saraceno, 2016. "The ECB: a reluctant leading character of the EMU play," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 33(2), pages 129-151, August.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Maria Savona, 2018. "Industrial policy for a Europeanindustrial renaissance. A few reflections," SPRU Working Paper Series 2018-07, SPRU - Science Policy Research Unit, University of Sussex Business School.
- Willi Semmler & Brigitte Young, 2017. "Re-Booting Europe: What kind of Fiscal Union - What kind of Social Union?," Working Papers 1713, New School for Social Research, Department of Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:hal:spmain:info:hdl:2441/19jos6046o8m6qe8fce98t1bmp is not listed on IDEAS
- Francesco Saraceno, 2017.
"When Keynes Goes to Brussels: A New Fiscal Rule for the EMU?,"
Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 51(2), pages 131-157, December.
- Francesco Saraceno, 2016. "When Keynes goes to Brussels : a New Fiscal Rule for the EMU ?," Documents de Travail de l'OFCE 2016-32, Observatoire Francais des Conjonctures Economiques (OFCE).
- repec:spo:wpmain:info:hdl:2441/19jos6046o8m6qe8fce98t1bmp is not listed on IDEAS
- Francesco Saraceno, 2016. "When Keynes goes to Brussels : a new fiscal rule for the EMU," SciencePo Working papers Main hal-03459045, HAL.
- repec:hal:spmain:info:hdl:2441/eul7jlnf19iq8tdp0vlfv63n5 is not listed on IDEAS
- repec:spo:wpmain:info:hdl:2441/6qk99khogd86non732alvigmuq is not listed on IDEAS
- Francesco Saraceno, 2017. "Rethinking fiscal policy : lessons from the european monetary union," SciencePo Working papers Main hal-03457591, HAL.
- repec:spo:wpmain:info:hdl:2441/eul7jlnf19iq8tdp0vlfv63n5 is not listed on IDEAS
- Francesco Saraceno, 2017. "Rethinking fiscal policy : lessons from the european monetary union," Working Papers hal-03457591, HAL.
- repec:hal:spmain:info:hdl:2441/6qk99khogd86non732alvigmuq is not listed on IDEAS
- Francesco Saraceno, 2018. "The end of the consensus ? The economic crisis and the crisis of macroeconomics," Post-Print hal-03443466, HAL.
- Francesco Saraceno, 2016. "The ECB: a reluctant leading character of the EMU play," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 33(2), pages 129-151, August.
- Francesco Saraceno, 2018. "The end of the consensus ? The economic crisis and the crisis of macroeconomics," SciencePo Working papers Main hal-03443466, HAL.
- Jean-Paul Fitoussi & Francesco Saraceno, 2013.
"European economic governance: the Berlin–Washington Consensus,"
Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 37(3), pages 479-496.
- Jean-Paul Fitoussi & Francesco Saraceno, 2012. "European economic governance the Berlin-Washington consensus," Working Papers hal-00973083, HAL.
- Jean-Paul Fitoussi & Francesco Saraceno, 2012. "European economic governance: the Berlin-Washington consensus," Documents de Travail de l'OFCE 2012-20, Observatoire Francais des Conjonctures Economiques (OFCE).
- Jean-Paul Fitoussi & Francesco Saraceno, 2012. "European economic governance the Berlin-Washington consensus," SciencePo Working papers Main hal-00973083, HAL.
- repec:ilo:ilowps:488129 is not listed on IDEAS
- repec:hal:wpspec:info:hdl:2441/53r60a8s3kup1vc9k2c8h4u2h is not listed on IDEAS
- repec:spo:wpecon:info:hdl:2441/53r60a8s3kup1vc9k2c8h4u2h is not listed on IDEAS
- repec:spo:wpmain:info:hdl:2441/60msq70is4953b2qsr30bh7c11 is not listed on IDEAS
- repec:hal:spmain:info:hdl:2441/60msq70is4953b2qsr30bh7c11 is not listed on IDEAS
- repec:spo:wpmain:info:hdl:2441/53r60a8s3kup1vc9k2c8h4u2h is not listed on IDEAS
- Saraceno, Francesco., 2015. "Challenges for the ECB in times of deflation," ILO Working Papers 994881293402676, International Labour Organization.
- repec:hal:spmain:info:hdl:2441/53r60a8s3kup1vc9k2c8h4u2h is not listed on IDEAS
- Russo, Alberto, 2017. "Dopo il keynesismo: teorie economiche per una (non-) politica economica [After Keynesianism: Economic Theories for a (non) Economic Policy]," MPRA Paper 83346, University Library of Munich, Germany.
- repec:spo:wpmain:info:hdl:2441/6761 is not listed on IDEAS
- Francesco Saraceno, 2015. "Challenges for the ECB in Times of Deflation," Working Papers hal-03470271, HAL.
- repec:spo:wpecon:info:hdl:2441/6761 is not listed on IDEAS
- Walter Paternesi Meloni, 2017. "Austerity & Competitiveness in the Eurozone: a misleading linkage," Departmental Working Papers of Economics - University 'Roma Tre' 0223, Department of Economics - University Roma Tre.
- Carranza-Ugarte, Luis & Díaz-Saavedra, Julián & Galdon-Sanchez, Jose Enrique, 2023.
"Rethinking fiscal rules,"
Journal of Comparative Economics, Elsevier, vol. 51(3), pages 833-857.
- Luis Carranza Ugarte & Julian Diaz Saavedra & Jose Enrique Galdon-Sanchez, 2021. "Rethinking fiscal rules," ThE Papers 21/14, Department of Economic Theory and Economic History of the University of Granada..
- Jacques Le Cacheux, 2017.
"Croissance potentielle : la politique économique au royaume des aveugles ?,"
Revue économique, Presses de Sciences-Po, vol. 68(HS1), pages 29-39.
- Jacques Le Cacheux, 2017. "Croissance potentielle : la politique économique au royaume des aveugles ?," Working papers of CATT hal-01880317, HAL.
- Jacques Le Cacheux, 2017. "Croissance potentielle : la politique économique au royaume des aveugles ?," SciencePo Working papers Main hal-01880317, HAL.
- Jacques Le Cacheux, 2017. "Croissance potentielle : la politique économique au royaume des aveugles ?," Working Papers hal-01880317, HAL.
- José De Gregorio, 2018.
"Productivity in Emerging Market Economies: Slowdown or Stagnation?,"
Working Papers
wp471, University of Chile, Department of Economics.
- José De Gregorio, 2018. "Productivity in Emerging-Market Economies: Slowdown or Stagnation?," Working Paper Series WP18-12, Peterson Institute for International Economics.
- Engelbert Stockhammer & Collin Constantine & Severin Reissl, 2020.
"Explaining the Euro crisis: current account imbalances, credit booms and economic policy in different economic paradigms,"
Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 43(2), pages 231-266, April.
- Engelbert Stockhammer & Collin Constantine & Severin Reissl, 2016. "Explaining the Euro crisis: Current account imbalances, credit booms and economic policy in different economic paradigms," Working Papers PKWP1617, Post Keynesian Economics Society (PKES).
- Paternesi Meloni, Walter, 2016. "Austerity and competitiveness in the Eurozone: a misleading linkage," MPRA Paper 75962, University Library of Munich, Germany.
- Jean-Luc Gaffard & Mauro Napoletano, 2018.
"Hétérogénéité des agents, interconnexions financières et politique monétaire : une approche non conventionnelle,"
Revue française d'économie, Presses de Sciences-Po, vol. 0(3), pages 201-231.
- Jean-Luc Gaffard & Mauro Napoletano, 2018. "Hétérogénéité des agents, interconnexions financières et politique monétaire : une approche non conventionnelle," SciencePo Working papers Main hal-03458429, HAL.
- Jean-Luc Gaffard & Mauro Napoletano, 2018. "Hétérogénéité des agents, interconnexions financières et politique monétaire : une approche non conventionnelle," GREDEG Working Papers 2018-34, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
- Jean-Luc Gaffard & Mauro Napoletano, 2018. "Hétérogénéité des agents, interconnexions financières et politique monétaire : une approche non conventionnelle," Post-Print hal-03458429, HAL.
- repec:hal:spmain:info:hdl:2441/2q6hk56t1k8o6qje4l40fj5s9t is not listed on IDEAS
- Francesco Saraceno, 2015. "Challenges for the ECB in Times of Deflation," SciencePo Working papers Main hal-03470271, HAL.
- Jean-Paul Fitoussi & Francesco Saraceno, 2004.
"The Brussels-Frankfurt-Washington Consensus. Old and New Tradeoffs in Economics,"
Documents de Travail de l'OFCE
2004-02, Observatoire Francais des Conjonctures Economiques (OFCE).
- Jean-Paul Fitoussi & Francesco Saraceno, 2004. "The Brussels-Frankfurt-Washington Consensus. Old and New Tradeoffs in Economics," SciencePo Working papers Main hal-01065485, HAL.
- Jean-Paul Fitoussi & Francesco Saraceno, 2004. "The Brussels-Frankfurt-Washington Consensus. Old and New Tradeoffs in Economics," Working Papers hal-01065485, HAL.
More about this item
Keywords
Fiscal rules; Fiscal policy; EMU; Golden rules; Secular stagnation; Keynes; Policy mix;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:hal-03459045. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.