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Debt sustainability in the emerging new EU fiscal framework : a major change

Cinzia Alcidi (UGent)
(2023) ECONOMISTS VOICE. 20(1). p.97-102
Author
Organization
Abstract
If agreed, the new European Commission legislative proposals on the reform of the fiscal framework will represent a major change. First and foremost debt replaces budget deficit as central variable, and debt sustainability assessment becomes a pivotal concept. It allows to introduce a multiannual approach and more flexible framework disconnected from numerical rules, which, in principle, gives member states greater ownership but also greater responsibility for their choices. It can only work if member states recognise that debt sustainability assessment is a risk-management tool that has to be taken seriously.
Keywords
EU fiscal governance, debt sustainability, risk-management

Citation

Please use this url to cite or link to this publication:

MLA
Alcidi, Cinzia. “Debt Sustainability in the Emerging New EU Fiscal Framework : A Major Change.” ECONOMISTS VOICE, vol. 20, no. 1, 2023, pp. 97–102, doi:10.1515/ev-2023-0025.
APA
Alcidi, C. (2023). Debt sustainability in the emerging new EU fiscal framework : a major change. ECONOMISTS VOICE, 20(1), 97–102. https://doi.org/10.1515/ev-2023-0025
Chicago author-date
Alcidi, Cinzia. 2023. “Debt Sustainability in the Emerging New EU Fiscal Framework : A Major Change.” ECONOMISTS VOICE 20 (1): 97–102. https://doi.org/10.1515/ev-2023-0025.
Chicago author-date (all authors)
Alcidi, Cinzia. 2023. “Debt Sustainability in the Emerging New EU Fiscal Framework : A Major Change.” ECONOMISTS VOICE 20 (1): 97–102. doi:10.1515/ev-2023-0025.
Vancouver
1.
Alcidi C. Debt sustainability in the emerging new EU fiscal framework : a major change. ECONOMISTS VOICE. 2023;20(1):97–102.
IEEE
[1]
C. Alcidi, “Debt sustainability in the emerging new EU fiscal framework : a major change,” ECONOMISTS VOICE, vol. 20, no. 1, pp. 97–102, 2023.
@article{01K0C54YF6ARYT059DR6RX134X,
  abstract     = {{If agreed, the new European Commission legislative proposals on the reform of the fiscal framework will represent a major change. First and foremost debt replaces budget deficit as central variable, and debt sustainability assessment becomes a pivotal concept. It allows to introduce a multiannual approach and more flexible framework disconnected from numerical rules, which, in principle, gives member states greater ownership but also greater responsibility for their choices. It can only work if member states recognise that debt sustainability assessment is a risk-management tool that has to be taken seriously.}},
  author       = {{Alcidi, Cinzia}},
  issn         = {{2194-6167}},
  journal      = {{ECONOMISTS VOICE}},
  keywords     = {{EU fiscal governance,debt sustainability,risk-management}},
  language     = {{eng}},
  number       = {{1}},
  pages        = {{97--102}},
  title        = {{Debt sustainability in the emerging new EU fiscal framework : a major change}},
  url          = {{http://doi.org/10.1515/ev-2023-0025}},
  volume       = {{20}},
  year         = {{2023}},
}
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