Euro area fiscal stance: measurement, implementation and democratic legitimacy

Start of Project 04/2016
End of Project 06/2016

Part 1: Measurement issues and the concept of a euro area fiscal stance. Part 2: The current EU approach of fiscal coordination: The EU Commission asks countries with sound public finances to provide additional stimulus in order to compensate for countries that are restricted in their ability to increase fiscal expenditure. Part 3: Democratic Legitimacy and the aggregate fiscal stance. Part 4: What else can be done to improve the fiscal framework.