| Author (Person) | Feigl, Georg, Truger, Achim |
|---|---|
| Publisher | European Trade Union Institute (ETUI) |
| Series Title | ETUI Policy Briefs |
| Series Details | Number 12 |
| Publication Date | 2015 |
| ISSN | 2031-8782 |
| Content Type | Research Paper |
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Summary: The fiscal constraints imposed by the new European economic governance have had a detrimental effect on public investments in the member states in recent years. This policy brief proposes to implement the Golden Rule of Public Investment, a rule which states that net public investments - increases of the public and/or social capital stock providing future benefits, should be financed by debt, on other words, excluded from balanced-budget rules. The authors make the case for the introduction of such a rule at European and member state level and answer some of the arguments used against the application of such a rule. |
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| Source Link |
Link to Main Source
https://www.etui.org/publications/policy-briefs/european-economic-employment-and-social-policy/the-golden-rule-of-public-investment-protecting-fiscal-leeway-and-public-infrastructure-in-the-eu
Alternative sources
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| Subject Categories | Economic and Financial Affairs |
| Subject Tags | Economic Governance | Situation |
| International Organisations | European Union [EU] |
