EU fiscal rules: An assessment of trends and prospects against the backdrop of the ongoing economic governance review

Web ME

Monday, March 20, 2023, at 11:00-12:30 Vienna time (CET)

Presenter
•    Martin Larch, Head of Secretariat, European Fiscal Board
Discussant
•    Philipp Heimberger, Economist, Vienna Institute for International Economic Studies (wiiw)
Moderator
•    Markus Eller, Senior Economist, Joint Vienna Institute

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 orientations would imply a major change compared to the pre-pandemic framework.An important objective of the orientations is to enhance national ownership through tailor-made fiscal adjustment paths for countries with high or moderate sustainability risks and incentives for structural reforms and government investment. Although EU Member States broadly share the main direction underlying the Commission’s proposal, they remain divided on key principles and details. In his presentation, Martin Larch from the European Fiscal Board will outline the Commission’s reform proposal, offer an assessment of its pros and cons, and discuss the way forward. Philipp Heimberger from wiiw will then offer comments before the floor is opened for discussion.

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Course Details

Start: 20230320Mar 20
End: 20230320Mar 20

Language: English

Sponsoring Organization: JVI

Admin Arrangements


Application Deadline: March 20, 2023