Results 71 to 80 of about 3,983 (255)
The Stability and Growth Pact Time to Rebuild! [PDF]
Within this paper we specify a symmetric two country model for the euro area to evaluate monetary and fiscal policy interaction with decentralized fiscal authorities. Obviously this calls for rules which neatly balance the chances and perils.
Mayer, Eric, Bofinger, Peter
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Ocean Governance and Marine Conservation: Institutional Work as a Lever for Ocean Sustainability
Environmental Policy and Governance, EarlyView.ABSTRACT Ocean governance presents one of the most complex environmental policy challenges of our time, requiring coordinated action across multiple scales, sectors and stakeholder groups. This paper applies institutional work theory to systematically examine how actors create, maintain and disrupt the governance arrangements underpinning ocean ...
Kedar Uttam +3 more
wiley +1 more source
Will the new stability and growth pact succeed? An economic and political perspective [PDF]
While the Maastricht Treaty establishes the entry conditions for Member States to join the single currency, the Stability and Growth Pact (SGP) aims to make budgetary discipline a permanent feature of EMU.
Marco Buti
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Synergising Climate and Clean Air Governance in the EU: A Multilevel Analysis of Policy Integration
Environmental Policy and Governance, EarlyView.ABSTRACT Unlocking synergies while avoiding trade‐offs between climate and air pollution mitigation is key to policy effectiveness and cost‐efficiency. For maximum effect, these policies must be integrated not only horizontally within a governance level but also vertically across them.
Niklas Löther
wiley +1 more source
Strategic debt management within the stability and growth pact [PDF]
Opportunistic politicians use the composition of public debt as a signal for competence. A competent government will not issue long-term nominal debt, as optimal to balance the budget, but long-term inflation-indexed debt.
Sieg, Gernot, Stegemann, Ulrike
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Challenges and trends in hydrogen production by electrolysis
Environmental Progress &Sustainable Energy, EarlyView.Abstract The growing global demand for clean and sustainable energy has intensified research into hydrogen production via water electrolysis. In this context, this review provides an integrative analysis of recent advances in electrolytic hydrogen production, emphasizing electrocatalytic materials, electrolyte composition, process efficiency, techno ...
Eduarda Carolina Hagemann Lopes +2 more
wiley +1 more source
The stability and growth pact: lessons from the great recession. [PDF]
While current instruments of EU economic policy coordination helped stave off a full-scale depression, the post-2007 global financial and economic crisis has revealed a number of weaknesses in the Stability and Growth Pact, the EU framework for fiscal ...
Van den Noord, Paul +2 more
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Developing a Z‐ESG Score Model for Assessing Corporate ESG Performance
International Journal of Finance &Economics, EarlyView.ABSTRACT In this study we develop a novel, unique ESG rating model that exploits the logic of the Z‐score by Altman (1968) to discriminate between ESG performing and non‐ESG performing firms using indicators of ESG performance for each of the three pillars (Environmental, Social, Governance) in place of financial ratios.
Edward I. Altman +3 more
wiley +1 more source
Fiscal Cyclicality and Debt Sustainability: Evidence From Over a Century of Data
International Journal of Finance &Economics, EarlyView.ABSTRACT Using a historical fiscal dataset for a group of 11 economies over the period 1880–2022, we examine debt sustainability and fiscal policy cyclicality and assess the factors influencing fiscal behaviour. We find that positive and statistically significant responses of primary balances to debt emerge in specific historical episodes and ...
Christos Chrysanthakopoulos +2 more
wiley +1 more source
The Stability pact Pains: A Forward-Looking Assessment of the Reform Debate [PDF]
The Stability and Growth Pact has been under fire ever since it was born.But is the Pact a flawed fiscal rule?Against established criteria for an ideal fiscal rule, its design and compliance mechanisms show strengths and weaknesses.
Eijffinger, S.C.W., Buti, M., Franco, D.
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