The european fiscal rules and their complexity a systematic discussion Julia del Amo Valor ... [et al.]
Contributor(s): Valor, Julia del Amo
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Material type: 
ArticlePublisher: 2024Subject(s): POLITICA FISCAL | EUROPA | NORMATIVA
In:
FinanzArchiv v. 80, n. 2, June 2024, p. 234-258Summary: One of the most discussed subjects within the European Fiscal Rules’ debate is whetherthe framework is too complex. In this paper, using a database of more than 200 papers,we argue that “complexity” can be defined along three axes: “framework set-up”, “com-pliance”, and “enforcement”. Using this framework, we evaluate the new EU’s economic governance framework. Our assessment indicates that the proposal simplifies elements along the first axis but provides less clear gains in terms of complexity along the two other ones. Finally, we provide some tentative explanations to understand why the complexity of the framework has grown over time, basedon literature dealing with “complexity” in other areas.
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One of the most discussed subjects within the European Fiscal Rules’ debate is whetherthe framework is too complex. In this paper, using a database of more than 200 papers,we argue that “complexity” can be defined along three axes: “framework set-up”, “com-pliance”, and “enforcement”. Using this framework, we evaluate the new EU’s economic governance framework. Our assessment indicates that the proposal simplifies elements along the first axis but provides less clear gains in terms of complexity along the two other ones. Finally, we provide some tentative explanations to understand why the complexity of the framework has grown over time, basedon literature dealing with “complexity” in other areas.
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