Potential Output, EU Fiscal Surveillance and the COVID-19 Shock
Abstract This paper discusses how the technical foundations of the EU’s fiscal rules constrain the fiscal space in EU countries in the context of the COVID-19 pandemic. We review the evidence on how estimates of potential output, which are at the heart of essential control indicators in EU fiscal su...
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| Format: | Article |
| Language: | English |
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Springer
2020-06-01
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| Series: | Intereconomics |
| Online Access: | https://doi.org/10.1007/s10272-020-0895-z |