Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/272370 
Year of Publication: 
2023
Series/Report no.: 
EconPol Policy Report No. 42
Publisher: 
CESifo GmbH, Munich
Abstract: 
The EU faces the challenge to combine large and sustained investments to promote the transition towards a green, digital, and competitive Europe while maintaining fiscal sustainability. Based on a comprehensive literature review on the effects of fiscal rules and investment clauses on public finances, this in-depth analysis provides some guidance how higher public investments can be achieved by a targeted golden rule without harming fiscal sustainability in the EU fiscal framework. The study also discusses the role of investments in the current proposals of the European Commission on the reform of the EU Economic Governance.
Document Type: 
Research Report

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