Implementing the golden rule for public investment in Europe. Safeguarding public investment and supporting the recovery

Bibliographische Detailangaben
Link(s) zu Dokument(en):E-Medien Publikation
Veröffentlicht in:Materialien zu Wirtschaft und Gesellschaft
Hauptverfasser: Kammer für Arbeiter und Angestellte für Wien (HerausgeberIn, Herausgebendes Organ), Truger, Achim (VerfasserIn)
Format: SerialVolume
Sprache:Deutsch
Englisch
Veröffentlicht: AK 2015
Kammer für Arbeiter und Angestellte für Wien
Schlagworte:
Inhaltsangabe:
  • Table of Contents
  • List of figures
  • List of tabels
  • 0 Summary
  • Zusammenfassung
  • 1 Introduction
  • 2 Austerity and the neglect of public investment in the Euro area
  • 3 The Golden Rule for public investment: towards an operationalization
  • 3.1 Introduction: the pay-as-you-use-principle and intergenerational equity
  • 3.2 (Traditional) public investment and economic performance in the long run
  • 3.3 (Traditional) public investment and economic performance in the short run
  • 3.4 Towards an economically plausible operationalization of public investment
  • 3.5 Some technical questions of implementation
  • 3.6 Conclusion: A pragmatic proposal for a European Golden Investment Rule
  • 4 The abandonment of existing Golden Rules for public investment in Germany and the UK as a counterargument?
  • 4.1 The German ‘Golden Rule’ and its substitution by the constitutional ‘debt brake’
  • 4.2 The UK’s Golden Rule suspended in 2008/9
  • 4.3 Conclusions
  • 5 Towards a European fiscal policy strategy to boost and safeguard public investment and support the recovery
  • 5.1 The EU Commission’s insufficient strategy for public investment and fiscal stimulus
  • 5.2 An alternative European fiscal policy strategy
  • 5.2.1 Implementing the Golden Rule to strengthen public investment and safeguard it in the medium term
  • 5.2.2 A European Investment Programme and an expansionary overall fiscal stance to spark off the recovery
  • 6 Conclusion
  • References
  • Appendix: Public investment under ESA 2010 and 1995 compared
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