UID:
kobvindex_HPB1414210799
Format:
1 online resource (xiv, 227 pages)
ISBN:
9781805112020
,
1805112023
,
9781805112037
,
1805112031
,
9781805112044
,
180511204X
,
9781805112051
,
1805112058
Content:
"The fourth book in the 'European Public Investment Outlook' series focuses on the urgent issue of how to finance needed investment in critical tangible and intangible infrastructure given high levels of public debt, a thorny problem facing many governments across Europe. Drawing on expertise from academics, researchers at public policy institutes and international governance bodies, the contributors analyse the current situation and prospects and propose feasible solutions. Financing Investment in Times of High Public Debt offers a powerful combination of high-level analysis of cross-continental policies and trends, with close examination of specific contexts in France, Italy, Germany and Spain. The chapters in Part II explore challenges including how to finance climate investments, the extent to which national promotional banks can offer solutions, EU budget reform and recent trends in tax progressivity. This book is essential reading for economists, policymakers, and anyone interested in implementing and financing public policy in Europe and wanting to better understand the intricacies of EU governance and institutions."--Publisher's website.
Note:
Intro -- Acknowledgements -- Preface -- Franco Bassanini, Sebastian Dullien, Alberto Quadrio Curzio, and Xavier Ragot -- Introduction -- Floriana Cerniglia, Francesco Saraceno and Andrew Watt -- References -- PART I. State of the Art -- 1. Europe -- Andrea Brasili, Atanas Kolev, Debora Revoltella, Jochen Schanz, and Annamaria Tueske -- 1.1. Public Investment, Current Dynamics, and Plans -- 1.2 Public Investment in Europe: The Most Recent Data -- 1.3 Projections of Public Investment and Capital Transfers in Member States' Stability and Convergence Programmes
,
1.3.1 Projections of Public Investment in Member States' Stability and Convergence Programmes -- 1.3.2 The Role of Capital Transfers and Investment Grants -- 1.4 The Role of the Recovery and Resilience Facility (RRF) -- 1.5 Is the Old Framework 'Biting' with Respect to Plans? Will Member States Diminish their Investment Attitude? -- 1.5.1 Interest Expenditures are Projected to Rise Slightly -- 1.5.2 General Government Deficits are Projected to Decline -- 1.5.3 The evolution of fiscal stance: changes in the structural primary balance -- 1.6 Congestions and Bottlenecks in Public Investment in EU
,
1.7 Concluding Remarks -- References -- 2. Financing Public Investment in France -- Mathieu Plane and Francesco Saraceno -- 2.1 The Historical Evolution of Public Investment -- 2.2 The Public-Investment Dynamics since the COVID Crisis -- 2.3 Net Investment Increases but the Pace of Public-Capital Accumulation is Still Low -- 2.4 General Government Net Wealth: Still Positive but a Strong Decrease Since 2008 -- 2.5 Savings and Investment Financing: The Large Gap Between the Central Government and Local Authorities -- 2.6 How is Public Investment Financed in France? -- 2.6.1 Who Does What?
,
2.6.2 Co-financing is Becoming the Norm -- 2.7 Is French Public Debt Sustainable? -- References -- 3. Germany Lacks Political Will to Finance Needed Public-Investment Boost -- Katja Rietzler, Andrew Watt, and Ekaterina Juergens -- 3.1 Situation and Recent Developments -- 3.2 What Does the German Population Expect? Results from an IMK Survey -- 3.3 Financing Government Investment Spending -- 3.3.1 General Overview -- 3.3.2 Fiscal Situation of the Federal Government -- 3.3.3 Fiscal Situation of the Federal States -- 3.3.4 Fiscal Situation of Local Government
,
3.4 What has Been Achieved under the German RRF Plan? -- 3.5 Outlook -- References -- 4. Italy's Public Investments. The NRRP and Beyond -- Giovanni Barbieri, Floriana Cerniglia, Enzo Dia -- 4.1 Introduction -- 4.2 Italy's NRRP -- 4.3 Challenges of the NRRP -- 4.4 Italian Public Finance: Public Investment Beyond the NRRP -- References -- 5. Public Investment, Deficit and Public Debt in Spain, 1995-2022 -- Francisco Pérez and Eva Benages -- 5.1 Introduction -- 5.2 The Trajectory of Public Investment in Spain, 1995-2022 -- 5.3 From Investment to Capital Accumulation
Additional Edition:
Print version: Financing investment in times of high public debt. ISBN 9781805112013
Language:
English
Keywords:
Electronic books.
URL:
https://books.openbookpublishers.com/10.11647/obp.0386.pdf
URL:
Open Book Publishers
URL:
Click here to view book
