{"id":48371,"date":"2023-11-20T15:37:07","date_gmt":"2023-11-20T14:37:07","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/a-targeted-golden-rule-for-public-investments\/"},"modified":"2024-04-20T14:20:30","modified_gmt":"2024-04-20T12:20:30","slug":"a-targeted-golden-rule-for-public-investments","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/48371\/","title":{"rendered":"A Targeted Golden Rule for Public Investments?"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-48371","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"A Comparative Analysis of Possible Accounting Methods in the Context of the Review of the Stability and Growth Pact","text":"The necessary green transition in the EU requires substantial additional green public investment (GPI) by member countries throughout this decade and beyond. This briefing paper discusses four approaches for a reform of EU fiscal rules to better accommodate higher (debt-financed) GPI: (1) an exemption clause for GPI, (2) the implementation of a green golden rule, (3) a country-specific benchmark share of government expenditures dedicated to GPI recommended by the European Commission, and (4) an EU Climate Fund. We also discuss these options in relation to the recent Commission proposal from November 2022. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee.","onlinedate":"2023-02-17 12:00:00","lang":"English","publication_series":"","publication_date":"20230201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"34","keywords":"[]","jelcodes":"[]","related_publications":"[\"325ebe6e-e66e-4753-a8cb-c4726fa981ea\"]","pdf":null,"zip":null,"link":"https:\/\/www.europarl.europa.eu\/RegData\/etudes\/IDAN\/2023\/733760\/IPOL_IDA(2023)733760_EN.pdf","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":"2023-02-17 12:00:00","types":[81966],"research_groups":[3500],"collaboration":"","persons":[3497,3830],"persons_data":"[{\"personId\":3497,\"personName\":\"Atanas Pekanov\",\"organisationNames\":[]},{\"personId\":3830,\"personName\":\"Margit Schratzenstaller\",\"organisationNames\":[]}]","clients":[10718],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_bookanthology rendering_apa rendering_bookanthology_apa\\\"><span>Pekanov, A.<\\\/span><span>, &amp; Schratzenstaller, M.<\\\/span> (2023). <span><em>A Targeted Golden Rule for Public Investments? A Comparative Analysis of Possible Accounting Methods in the Context of the Review of the Stability and Growth Pact<\\\/em><\\\/span>. WIFO. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.europarl.europa.eu\\\/RegData\\\/etudes\\\/IDAN\\\/2023\\\/733760\\\/IPOL_IDA(2023)733760_EN.pdf\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.europarl.europa.eu\\\/RegData\\\/etudes\\\/IDAN\\\/2023\\\/733760\\\/IPOL_IDA(2023)733760_EN.pdf<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_bookanthology rendering_vancouver rendering_bookanthology_vancouver\\\"><span>Pekanov A<\\\/span><span>, Schratzenstaller M<\\\/span>. <span class=\\\"title\\\"><span>A Targeted Golden Rule for Public Investments? <span class=\\\"subtitle\\\">A Comparative Analysis of Possible Accounting Methods in the Context of the Review of the Stability and Growth Pact<\\\/span><\\\/span><\\\/span>. WIFO; 2023.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_bookanthology rendering_bibtex rendering_bookanthology_bibtex\\\"><div>@book{e54d05c05aa74b3ab3905ba3a4cd7fb0,<\\\/div><div>  title    = \\\"A Targeted Golden Rule for Public Investments?: A Comparative Analysis of Possible Accounting Methods in the Context of the Review of the Stability and Growth Pact\\\",<\\\/div><div>  abstract = \\\"The necessary green transition in the EU requires substantial additional green public investment (GPI) by member countries throughout this decade and beyond. This briefing paper discusses four approaches for a reform of EU fiscal rules to better accommodate higher (debt-financed) GPI: (1) an exemption clause for GPI, (2) the implementation of a green golden rule, (3) a country-specific benchmark share of government expenditures dedicated to GPI recommended by the European Commission, and (4) an EU Climate Fund. We also discuss these options in relation to the recent Commission proposal from November 2022. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee.\\\",<\\\/div><div>  author   = \\\"Atanas Pekanov and Margit Schratzenstaller\\\",<\\\/div><div>  note     = \\\"A Targeted Golden Rule for Public Investments? A Comparative Analysis of Possible Accounting Methods in the Context of the Review of the Stability and Growth Pact\\\",<\\\/div><div>  year     = \\\"2023\\\",<\\\/div><div>  month    = feb,<\\\/div><div>  language = \\\"English\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_bookanthology rendering_ris rendering_bookanthology_ris\\\"><p>TY  - BOOK<\\\/p><p>T1  - A Targeted Golden Rule for Public Investments?<\\\/p><p>T2  - A Comparative Analysis of Possible Accounting Methods in the Context of the Review of the Stability and Growth Pact<\\\/p><p>AU  - Pekanov, Atanas<\\\/p><p>AU  - Schratzenstaller, Margit<\\\/p><p>N1  - A Targeted Golden Rule for Public Investments? 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This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee.<\\\/p><p>M3  - Study<\\\/p><p>BT  - A Targeted Golden Rule for Public Investments?<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A Targeted Golden Rule for Public Investments? - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/48371\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Targeted Golden Rule for Public Investments?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/48371\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-20T12:20:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/48371\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/48371\\\/\",\"name\":\"A Targeted Golden Rule for Public Investments? 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