Publications
BackAs the Euro area economy is still far away from recovery and seems to be on the verge of deflationary stagnation, the insight of both the public and policy makers as to the necessity of a macroeconomic policy change has increased, recently.
The calls for a more expansionary fiscal stance, above all for a boost to public – or publically support-ed – investment have become louder, with the Investment for Europe Plan (Juncker-Plan) as the most prominent official policy reaction. Even before that plan there were some initiatives – as the introduction of the so called ‘investment clause’ under the Stability and Growth Pact (SGP) – to support and protect public investment.
