A proposal to revive the European Fiscal Framework. Bruegel Policy Contribution ISSUE 2016/07 MARCH 2016

Pro-cyclical fiscal tightening might be one reason for the anaemic economic recovery in Europe, raising questions about the effectiveness of the EU’s fiscal framework in achieving its two main objectives: public debt sustainability and fiscal stabilisation. • In theory, the current EU fiscal rules, with cyclically adjusted targets, flexibility clauses and the option to enter an excessive deficit procedure, allow for large-scale fiscal stabilisation during a recession. However, implementation of the rules is hindered by the badly-measured structural balance indicator and incorrect forecasts, leading to erroneous policy recommendations. The large number of flexibility clauses makes the system opaque. • The current inefficient European fiscal framework should be replaced with a system based on rules that are more conducive to the two objectives, more transparent, easier to implement and which have a higher potential to be complied with. • The best option, re-designing the fiscal framework from scratch, is currently unrealistic. Therefore we propose to eliminate the structural balance rules and to introduce a new public expenditure rule with debt-correction feedback, embodied in a multi-annual framework, which would also support the central bank’s inflation target. A European Fiscal Council could oversee the system.

The Portuguese Economic Crisis: Policies and Outcomes. Bertelsmann Policy Brief, 19.02.2015

The financial and economic crisis in the aftermath of 2008 is unique for several reasons: its depth, its speed and its global entanglement. Simultaneous economic decline in many economies around the globe sent out political shockwaves. In Europe, the crisis served as a wake-up call. Policymakers responded to the social and political insecurity triggered by economically unsound practices with solidarity and with EU-scepticism. The recession confronted Euro zone countries with a number of similar problems, although each was embedded in its own set of country-specific challenges. The tools with which each began to counteract the financial and sovereign debt crisis differed. This policy brief examines the Portuguese path to recovery. It outlines some of the great recession’s main impacts on the country’s labour market, as well as analyses the path it has taken to restore sustainable jobs.

European Union Bailouts and Credibility. Jean Monnet/Robert Schuman Paper Series Vol. 15 No. 4, October 2015

Since the Great Recession started, there have been eight bailouts to EU Member States, which approximate cost to the EU has been of around 380 billion euros. The aim of this paper is to analyze the legal-constitutional issues that this major bailing out operation has brought about. The conclusion is that the EU was not only ill-prepared from an economic perspective to make bailouts; it was also ill-prepared from a constitutional perspective as well, above all if one understands law, as this paper does, as a credibility device. Absent further reforms and clarifications, the current EU system of bailout governance may be prone to generate important credibility problems in the future.

Crisis Coming Home? Firm Performance During the Economic Crisis and Managers‘ Work-Family Conflict

The economic crisis over the past years has challenged managers in many ways. In our longitudinal study during the global recession, we examine how perceived firm performance interacts with sources of supervisor support and stress to affect managers’ work-family conflict. First, we draw from Conservation of Resources theory to analyze how sources of supervisor support and stress relate to managers’ work-family conflict. Second, we explore how perceived firm performance modifies the relationships between these factors and work-family conflict. Our surveys of 182 managers before and during the crisis reveal that perceived firm performance significantly alters the effectiveness of sources of supervisor support in relieving work-family conflict. Additionally, perceived poor firm performance was found to intensify the negative effect of stressors on work-family conflict. Our results highlight the need to consider an organization’s perceived health when studying managers’ attitudes and career outcomes.

Rolling resistance of tires measured under transient and equilibrium conditions on Calspan's tire research. Final report.

Transportation Department, Office of the Assistant Secretary for Systems Development and Technology, Washington, D.C.

The effect of light truck design variables on top speed, performance, and fuel economy, 1981. Final report.

National Highway Traffic Safety Administration, Office of Research and Development, Washington, D.C.

Jewish emancipation under attack : its legal recession until the present war /

Preface by Max Gottschalk; introductory chapter by Abraham G. Duker.

Das eherne Rentengesetz; Seine Rückwirkung auf Inflation, Vermögensabgabe und den finanziellen Friedensschluss.

Mode of access: Internet.

A lesson in French-inflation.

Includes bibliography.

A truck and bus tire use pattern study. Final report.

National Bureau of Standards, Tire Systems Section, Washington, D.C.

Analysis and forecast of truck traffic loads and the relative damage to pavement systems as a function of axle configurations. Final report.

Texas State Department of Highways and Public Transportation, Transportation Planning Division, Austin

Development of improved inflation techniques. Volume II. Final report.

National Highway Traffic Safety Administration, Washington, D.C.

Laboratory and full-scale parametric studies of the rolling resistance of radial- and bias-ply heavy service truck tires. Final report.

National Highway Traffic Safety Administration, Office of Heavy Duty Vehicle Research, Washington, D.C.

Cost and economic impact of tire reserve load requirements. Final report.

National Highway Traffic Safety Administration, Washington, D.C.

Development of a solid propellant inflation technique for the subcompact car passenger restraint system. Phase I final report.

National Highway Traffic Safety Administration, Washington, D.C.