German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this
paper, we discuss to what extent this contention holds and to what extent Germany …

Most parts of the Euro area have seen seven years of deep economic crisis. The strategy of
tightening the fiscal constraints of the SGP has driven many member states into austerity. In …

A mechanism to restructure the debt of an insolvent euro country is a missing element in the
emerging institutional architecture of the euro area. The introduction of an insolvency …

In response to the Eurozone crisis, austerity and restructuring has been imposed on the
European Union's peripheral member states in order to receive financial bailout loans. In …

This paper revisits the debate on the design of fiscal rules in resource-rich countries. Its main
objective is to assess alternative systems of rules against their policy objectives, while taking …

Nothwithstanding their failure to achieve stated objectives, austerity policies have been
pursued with persistence. Rather than failures prompting reconsideration, there is a clear …

The article explores if EU independent fiscal institutions (IFIs) are in a position to exercise
effective scrutiny of national fiscal policies. It identifies substantial heterogeneity across IFIs …

A mechanism to restructure the debt of an insolvent euro country is a missing element in the
emerging institutional architecture of the euro area. The introduction of an insolvency …

Post-crisis EU socio-economic governance has introduced new features to the coordination
process, mainly aimed at better national compliance with EU fiscal and economic targets …

The Swiss debt brake is widely appreciated as one of the most rationally designed fiscal
rules in the world and was thus also discussed as a blueprint in the debates about fiscal …