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Population aging is not only a challenge for the social security systems, especially pensions, but also for the economy as a whole. Some claim that productivity growth will decline in an aging population, even though the evidence...Read more >>

The establishment of independent fiscal institutions has become part and parcel of a country’s recommended public financial management architecture. However, are all fiscal councils similarly effective in enhancing fiscal...Read more >>

The establishment of independent fiscal institutions has become part and parcel of a country’s recommended public financial management architecture. However, are all fiscal councils similarly effective in enhancing fiscal...Read more >>

Over the past years a lively debate has ignited on the role that central banks can play in tackling climate change. On the one hand, proponents for an active role of central banks in both climate change mitigation and adaptation...Read more >>

The EU fiscal framework, and in particular the EU’s fiscal rules, have been under review since early 2020, and the European Commission presented detailed orientations for a possible reform in November 2022. If implemented, these...Read more >>