FIRSTRUN – Fiscal Rules and Strategies under Externalities and Uncertainties

Project Lead: Thomas Davoine
Team: Matthias Molnar, Michael ReiterKarin Schönpflug
Duration: 2015 – 2018
Funding: EU Horizon 2020

Project Website:

Twitter: @ProjectFirstrun

Publication 1: Cross-country fiscal policy spillovers and capital-skill complementarity in currency unions (Working Paper by Thomas Davoine and Matthias Molnar in the IHS Economics Series)

Publication 2: Population aging, pensions and cross-country spillovers in currency unions (Research Report by Thomas Davoine)

Publication 3: Medium-run impacts of cross-country transfers through a European Union central budget: a general equilibrium evaluation (Research Report by Thomas Davoine)

Policy Brief 1: Foreign fiscal policy spillovers on Austria (Article by Thomas Davoine)

Project Information: FIRSTRUN is a multinational research project that aims to investigate fiscal policy coordination in the EU, to assess the coherence of the recent reforms in the economic governance framework, and to identify reforms to fill possible gaps in the current EU governance framework. The IHS team will develop a multi-country overlapping-generations model to quantify cross-country spillover effects from fiscal policy and to quantify the long-run gains from fiscal policy coordination.