Implementing the golden rule for public investment in Europe. Safeguarding public investment and supporting the recovery
| Link(s) zu Dokument(en): | E-Medien Publikation |
|---|---|
| Veröffentlicht in: | Materialien zu Wirtschaft und Gesellschaft. Working Paper-Reihe der AK Wien |
| Hauptverfasser: | , |
| 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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