Potential of Independent Fiscal Boards and Early Warning Systems for Crisis Prevention
Potential of Independent Fiscal Boards and Early Warning Systems for Crisis Prevention
Period:
01.09.2016 – 31.08.2017
The project will deal with institutional reforms for a more resistant euro area. In particular, the potential and the detailed construction of independent economic policy advisory boards for euro countries will be explored. Further, an early warning system will be proposed for the timely detection of crises. Such a warning system could provide signals for the emergence of imbalances well in advance and should be an integral part of an insolvency procedure for sovereigns.
