Philipp Heimberger holds a Master of Science degree with honors in economics from the Vienna University of Economics and Business, where he is currently enrolled in a Ph.D. programme. His previous work has focused on the macroeconomic effects of fiscal consolidation, European economic policy in the periphery countries of the Eurozone, and the difficulties in estimating potential output. Currently, he is working on the distributional effects of fiscal consolidation.
By this expert
The Eurozone is (quietly) disintegrating as ‘core’ and ‘periphery’ countries continue on paths of economic divergence. That disintegration is reinforced by self-defeating policies shaped by a macroeconomic model that mimics and reinforces the divisions between ‘winners’ and ‘losers’
The performativity of potential output: Pro-cyclicality and path dependency in coordinating European fiscal policies
This paper analyzes the performative impact of the European Commission’s model for estimating ‘potential output’, which is used as a yardstick for measuring the ‘structural budget balance’ of EU countries and, hence, is crucial for coordinating European fiscal policies.