Fiscal council: European model or new global standard?

A European council on Global Health.

Are European fiscal rules that bad? Discretionary fiscal policies in New Member States

There is no clear-cut evidence on how the adoption of the European fiscal standards influences discretionary fiscal policies within the Member States. This study investigates that phenomenon on the example of the 2004 enlargement. The results show that the effects of the adoption of EU fiscal rules bring a statistically significant change towards more countercyclical behavior. The results are r...

The European Research Council—A European Renaissance

S cience looks set for a fundamentalist revival within the European Union. Its leading proponents are taking advantage of unprecedented political upheaval—as ten new Member States accede to the Union—to press their case for funding of basic research that is driven solely and independently by investigators themselves in the pursuit of excellence. The broad thrust of their appeal calls for the se...

The Impact of Fiscal Policy on Macroeconomic Variables: New Evidence from a DSGE Model

The purpose of this article is to analyze the macroeconomic impacts of fiscal policy in Iran using a new-Keynesian Dynamic Stochastic General Equilibrium (DSGE) model. The model takes into account distortionary taxations on wage, dividend, and consumption, while government expenditures are broken down into consumption of goods and services, and investment. The model is calibrated for Iran based...

The European Research Council on the Brink

Basic research in Europe is about to receive a shot in the arm with the creation of a European Research Council (ERC). This new agency will sustain fundamental investigation into all aspects of scientific knowledge and should drive up standards of scientific research across the continent.