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Fiscal rules were enshrined in the founding documents of the European Monetary Union. This column presents the latest CfM-CEPR survey, in which the panel of experts on the European economy were nearly unanimous in agreeing that the existing EU fiscal rules require revision. Most panel members would opt for some combination of fiscal councils; more flexible, countercyclical, or ....

United Kingdom , Comunidad Autonoma De Cataluna , Simon Wren Lewis , Maria Demertzis , Universitat Pompeu Fabra , S Van Nieuwerburgh , Nicolas Oulton , Esbies Brunermeier , Lucile Crumpton , Pietro Reichlin Universit , Jagjit Chadha , Jordi Gal , Ramon Marimon , Pappa Universidad Carlos , European Monetary Union , Morten Ravn University College London , Forum On Central Banking In Sintra , Costas Milas University Of Liverpool , Nicolas Oulton London School Of Economics , Journal Of International Economics , Volker Wieland Goethe University Frankfurt , Thorsten Beck Cass Business School , Euopean Commission , Princeton University Press , Oxford University , Simon Wren Lewis University Of Oxford ,