Category Archives: Events

Firstrun seminar “Fiscal Rules, Stabilization and Risk-Sharing in the EMU”

Firstrun seminar “Fiscal Rules, Stabilization and Risk-Sharing in the EMU” was held on 3 October 2017 in Helsinki, Finland.

The EMU fiscal governance framework has recently undergone several reforms. However, the framework is still being criticized on several grounds. There are also continuing disagreements about further reforms proposed by the Commission. These disagreements turn, above all, on the introduction of new mechanisms for risk-sharing, such as a common deposit insurance or EU fiscal capacity. In this seminar, we present new research on the functioning of the current fiscal rules and cross-country risk-sharing and discuss the future of fiscal coordination in the EMU.

Programme

Tero Kuusi (ETLA): EU fiscal rules, real-time uncertainty, and stabilization

Cinzia Alcidi (CEPS): Cross-country risk-sharing in the EMU: Current mechanism and new proposals

FIRSTRUN workshop on fiscal adjustment and stabilization policies in the EU

FIRSTRUN workshop on fiscal adjustment and stabilization policies in the EU was held in Warsaw, Poland on 24 March 2017.

Programme:

Firstrun project
Niku Määttänen (ETLA) / Grzegorz Poniatowski (CASE)

Macroprudential tools, transmission and modelling
Phillip Davies (NIESR)

On the Limits of Macroprudential Policy
Marcin Kolasa (NBP and SGH)

Debt deleveraging in the EMU
Alexandre Cole (LUISS)

Towards an EU budget with a stabilization function
David Rinaldi (CEPS)

Analysing the Relevance of the MIP Scoreboard’s Indicators
Tomas Domonkos et al. (SAS BIER)

Towards the Bottom Line: Quantifying the EU’s Fiscal Rules and their Compliance
Tero Kuusi (ETLA)

The role of the U.S federal budget as a risk sharing instrument: new lessons for the Euro Area
Gilles Thirion (CEPS)

2nd FIRSTRUN workshop (26 Sept 2016) presentations available

The second FIRSTRUN workshop E(M)U governance: From policy coordination to resource centralization? was organized by CEPS in Brussels on 26 September 2016.

Programme

Presentations

Matthias Busse (CEPS): Revisions of structural budget balance data and the impact on the EU fiscal framework

Thomas Davoine (IHS): Cross-Country Long-Run Spillover Effects and Coordination of Fiscal Policy: a Quantitative Exploration for Europe (based on Deliverable 1.6)

Alexandre Lucas Cole (LUISS): One EMU fiscal policy for the euro (based on the article One EMU Fiscal Policy for the Euro, also available as the Deliverable 3.2)

Gilles Mourre (European Commission): Income insurance: a theoretical exercise with empirical application for the euro area (based on the publication Income insurance: a theoretical exercise with empirical application for the euro area)

 

For more information, please contact Niku Määttänen or Cinzia Alcidi.

 

FIRSTRUN First Workshop

The first FIRSTRUN workshop was held on Wednesday 16 September 2015 at CEPS
(Place du Congrès 1, 1000 Brussels, Belgium).

The workshop presented findings from the FIRSTRUN research that test EU fiscal rules using historical data from Finland and then focused on the current policy debate presenting different views about how the future of EU governance could and should evolve.

Programme: What future for EU Fiscal Governance? From the five presidents’ report to the case of Greece

Niku Määttänen (ETLA): Introduction to FIRSTRUN

Tero Kuusi (ETLA): Does the structural budget balance guide fiscal policy pro-cyclically?

Cinzia Alcidi (CEPS): Fiscal rules and fiscal coordination – The Greek watershed

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Funded by the Horizon 2020 Framework Programme of the European union.