Note: 12:30 - 1:30 pm (CET, Central European Time)
The European Fiscal Board (EFB) recently released its fourth annual report, assessing the implementation of the EU fiscal framework in 2019. The report provides new evidence that the EU fiscal framework falls short of its aims and should be reformed without delay. The reforms become even more urgent against the backdrop of the ongoing pandemic. The Covid-19 crisis has exposed three long-standing gaps in EMU’s architecture:
(1) the lack of a genuine and permanent central fiscal capacity;
(2) adverse incentives to maintain or scale up growth-enhancing government expenditure;
(3) an intractable set of rules and benchmarks poorly tailored to country-specific needs and capacities
How the EU’s fiscal architecture might look like after the Covid-19 shock will be at the heart of our digital seminar jointly organized by ZEW Mannheim and EconPol Europe. The event will take place as a Webex webinar and is open to the public.
Roel Beetsma (Amsterdam School of Economics) and Xavier Debrun (National Bank of Belgium): The EFB Annual Report 2020
The presentation of the EFB report is followed by two discussions delivered by:
Agnès Bénassy-Quéré (Paris School of Economics)
Thomas Westphal (German Ministry of Finance)
The event concludes with a general Q&A session.
Zareh Asatryan (ZEW Mannheim for European Economic Research) will moderate the webinar.
To participate, use this Webex registration link.