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FIRSTRUN

financed

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Fiscal Rules and Strategies under Externalities and Uncertainties

The FIRSTRUN project advances the theoretical and practical debates on the effective mechanisms of fiscal policy coordination. It analyzes the very reason why fiscal policy coordination may be needed in the first place, namely cro... see more

28/02/2018

DEMOS RESEARCH INS...

2M€

Project Budget: 2M€

Project leader

DEMOS RESEARCH INSTITUTE OY No se ha especificado una descripción o un objeto social para esta compañía.

PARTICIPATION DEPralty Sin fecha límite de participación.

Ver 7 Participantes

Financing granted El organismo H2020 notifico la concesión del proyecto The day 2018-02-28

EURO-1-2014: Resilient and sustainable economic... Scope:Specific challenge: Economic and monetary integration in Europe, underpinned by the creation o...

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Cerrada does 11 years

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characteristics of the participant

Este proyecto no cuenta con búsquedas de partenariado abiertas en este momento.

Private Information

No hay información privada compartida para este proyecto. Habla con el coordinador.

7 Participantes

DEMOS RESEARCH INSTITUTE

529.06K€ | Leader

Health Proc Europe Associati...

302.32K€ | participant

LUISS GUIDO CALI

266.25K€ | participant

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Project duration: 36 months Date Start: 2015-02-02
End date: 2018-02-28

Project leader

DEMOS RESEARCH INSTITUTE OY No se ha especificado una descripción o un objeto social para esta compañía.

Project Budget 2M€

participation deadline Sin fecha límite de participación.

Project description The FIRSTRUN project advances the theoretical and practical debates on the effective mechanisms of fiscal policy coordination. It analyzes the very reason why fiscal policy coordination may be needed in the first place, namely cross-country externalities (spillovers) related to national fiscal policies. Specifically, it identifies different types of spillover effects, investigates how they work in the EU and in the EMU, and analyses whether they work in the same fashion under different states of the economy and over the short and the long run. The project describes different forms that fiscal policy coordination can take in practice, e.g. ex-ante coordination and risk-sharing, and provides a critical assessment of the mechanisms already put in place. The FIRSTRUN project provides new tools for fiscal policy design by incorporating the new EU fiscal rules regarding e.g. government debt and deficit into applied models for fiscal policy evaluation. The tools can be used to support the decision makers in the implementation of the enhanced EU economic governance. FIRSTRUN also investigates the political economy of fiscal cooperation, for instance, the difficult inter-play between domestic political pressures and EU level priorities as well concerns about legitimation. By shedding light on the character of the governance framework for fiscal coordination, FIRSTRUN will highlight the features that work well or badly and provide insights that the EU level can exploit in its surveillance and advisory roles.

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