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The European Union’s fiscal rules are undergoing a major overhaul within the ongoing economic governance review. Following the agreement of the Economic and Financial Affairs Council (ECOFIN) in December 2023 and the European...Read more >>

The establishment of independent fiscal institutions has become part and parcel of a country’s recommended public financial management architecture. However, are all fiscal councils similarly effective in enhancing fiscal...Read more >>

Following two years of double-digit growth, headline inflation is finally receding. Nominal wages have not kept pace everywhere, leading to workers’ real wage loss and possible wage catch up in the making. But with unemployment...Read more >>

The establishment of independent fiscal institutions has become part and parcel of a country’s recommended public financial management architecture. However, are all fiscal councils similarly effective in enhancing fiscal...Read more >>

Population aging is not only a challenge for the social security systems, especially pensions, but also for the economy as a whole. Some claim that productivity growth will decline in an aging population, even though the evidence...Read more >>