{"id":55205,"date":"2023-12-01T18:42:47","date_gmt":"2023-12-01T17:42:47","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/the-role-of-fiscal-rules-in-relation-with-the-green-economy\/"},"modified":"2024-04-19T20:13:00","modified_gmt":"2024-04-19T18:13:00","slug":"the-role-of-fiscal-rules-in-relation-with-the-green-economy","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/55205\/","title":{"rendered":"The Role of Fiscal Rules in Relation with the Green Economy"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-55205","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"To achieve the necessary green transition in the EU, additional public investments by Member States will need to be mobilised throughout the next decade. In light of the macroeconomic environment of very low interest rates, this calls for a reform of the EU fiscal framework. The paper discusses three approaches for a reform of the fiscal rules to better reflect the need for higher (debt-financed) green public investment: (1) an exemption clause for green public investment; (2) the implementation of a green golden rule; (3) a country-specific benchmark share of government expenditures dedicated to green public investment recommended by the European Commission.","onlinedate":"2021-02-01 15:59:06","lang":"English","publication_series":"","publication_date":"20200901","publication_date_year":"","publication_date_full":false,"publication_num_pages":"50","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/www.europarl.europa.eu\/thinktank\/de\/document.html?reference=IPOL_STU(2020)614524","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":null,"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":[40979,41019],"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> (2020). <span><em>The Role of Fiscal Rules in Relation with the Green Economy<\\\/em><\\\/span>. WIFO. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.europarl.europa.eu\\\/thinktank\\\/de\\\/document.html?reference=IPOL_STU(2020)614524\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.europarl.europa.eu\\\/thinktank\\\/de\\\/document.html?reference=IPOL_STU(2020)614524<\\\/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>The Role of Fiscal Rules in Relation with the Green Economy<\\\/span><\\\/span>. WIFO; 2020.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_bookanthology rendering_bibtex rendering_bookanthology_bibtex\\\"><div>@book{da76e0c35b3741d3948fc0d8f7507ecc,<\\\/div><div>  title    = \\\"The Role of Fiscal Rules in Relation with the Green Economy\\\",<\\\/div><div>  abstract = \\\"To achieve the necessary green transition in the EU, additional public investments by Member States will need to be mobilised throughout the next decade. In light of the macroeconomic environment of very low interest rates, this calls for a reform of the EU fiscal framework. The paper discusses three approaches for a reform of the fiscal rules to better reflect the need for higher (debt-financed) green public investment: (1) an exemption clause for green public investment; (2) the implementation of a green golden rule; (3) a country-specific benchmark share of government expenditures dedicated to green public investment recommended by the European Commission.\\\",<\\\/div><div>  keywords = \\\"EU fiscal framework, EU institutions, Green public investment, New Generation EU initiative, reform, transition\\\",<\\\/div><div>  author   = \\\"Atanas Pekanov and Margit Schratzenstaller\\\",<\\\/div><div>  year     = \\\"2020\\\",<\\\/div><div>  month    = sep,<\\\/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  - The Role of Fiscal Rules in Relation with the Green Economy<\\\/p><p>AU  - Pekanov, Atanas<\\\/p><p>AU  - Schratzenstaller, Margit<\\\/p><p>PY  - 2020\\\/9<\\\/p><p>Y1  - 2020\\\/9<\\\/p><p>N2  - To achieve the necessary green transition in the EU, additional public investments by Member States will need to be mobilised throughout the next decade. In light of the macroeconomic environment of very low interest rates, this calls for a reform of the EU fiscal framework. The paper discusses three approaches for a reform of the fiscal rules to better reflect the need for higher (debt-financed) green public investment: (1) an exemption clause for green public investment; (2) the implementation of a green golden rule; (3) a country-specific benchmark share of government expenditures dedicated to green public investment recommended by the European Commission.<\\\/p><p>AB  - To achieve the necessary green transition in the EU, additional public investments by Member States will need to be mobilised throughout the next decade. In light of the macroeconomic environment of very low interest rates, this calls for a reform of the EU fiscal framework. The paper discusses three approaches for a reform of the fiscal rules to better reflect the need for higher (debt-financed) green public investment: (1) an exemption clause for green public investment; (2) the implementation of a green golden rule; (3) a country-specific benchmark share of government expenditures dedicated to green public investment recommended by the European Commission.<\\\/p><p>KW  - EU fiscal framework<\\\/p><p>KW  -  EU institutions<\\\/p><p>KW  -  Green public investment<\\\/p><p>KW  -  New Generation EU initiative<\\\/p><p>KW  -  reform<\\\/p><p>KW  -  transition<\\\/p><p>M3  - Study<\\\/p><p>BT  - The Role of Fiscal Rules in Relation with the Green Economy<\\\/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) - 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