| Author (Person) | Cottarelli, Carlo |
|---|---|
| Author (Corporate) | European Parliament: DG Internal Policies |
| Publisher | European Parliament: European Parliamentary Research Service (EPRS) |
| Series Title | EPRS In-Depth Analysis |
| Series Details | PE 651.364 |
| Publication Date | August 2020 |
| ISBN | 978-92-846-7022-2 |
| EC | QA-03-20-579-EN-N |
| Content Type | Research Paper |
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Abstract: This paper discusses the analytical basis for facilitating green public investment under the Stability and Growth Pact fiscal rules. It concludes that additional public debt created by deficit-financed green public investment is likely to increase fiscal sustainability risks. However, such additional risks could be justified to avoid the economic damages (which would also have long run consequences for public finances) arising in the absence of sufficient green public investment. The trade off could be improved if green public investment were financed through EU debt. |
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| Source Link |
Link to Main Source
https://www.europarl.europa.eu/thinktank/en/document.html?reference=IPOL_IDA(2020)651364
Alternative sources
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| Subject Categories | Economic and Financial Affairs, Environment |
| Subject Tags | Fiscal Policy |
| International Organisations | European Union [EU] |
