Event Review: Redesigning EU Fiscal Rules After COVID-19

Tuesday, 30.11.2021

14:00 – 16:45

11th Annual Intereconomics / CEPS Conference (online)

The economics of fiscal rules and debt sustainability. Government debt levels have increased dramatically since the outbreak of the pandemic. EU fiscal rules have been temporarily suspended, and the persisting low interest rate environment seems to remain favourable to loose fiscal policy. How sustainable will government debt be once ECB support is withdrawn?

What type of fiscal rules does the EU need in the post COVID-19? As confidence that the pandemic is under control increases and more normal times ensue, the suspension of the EU fiscal rules will come to an end. Which type of fiscal rules does the euro area need? Should a "golden rule" be added to the current framework? Would a more radical change be desirable?

Studies and conclusions of the conference speakers are published in Intereconomics No. 1 of 2022.

In cooperation with

All sessions are available to watch on youtube

Studies and conclusions of the conference speakers are published in Intereconomics No. 1 of 2022.

Program

Keynote speech: Economic recovery in the age of COVID-19

Carlos Cuerpo
Secretary General of Spanish Treasury

Session I: The Economics of Fiscal Rules and Debt Sustainability

Klaus Regling
Managing Director, European Stability Mechanism, Luxembourg
Roel Beetsma
Professor of Macroeconomics and Vice-Dean of the Faculty of Economics and Business, University of Amsterdam
Philippa Sigl-Glöckner
Director, Dezernat Zukunft, Munich
Moderator
Daniel Gros
Member of the Board and Distinguished Fellow, CEPS

Session II: What type of fiscal rules does the EU need post COVID-19?

Catherine Mathieu
Economist, L’Observatoire français des conjonctures économiques (OFCE), Paris
Sebastian Barnes
Deputy, Network of EU Independent Fiscal Institutions, Dublin
Cinzia Alcidi
Director, Centre for European Studies (CEPS), Brussels
Moderator
Christian Breuer
ZBW Editor-in-Chief, Intereconomics