EMU's Fiscal Rules and Economic Stabilization

Economics Bulletin, 2006, vol. 5, issue 4, pages 1-8

Abstract: This paper proposes a quantitative comparison of EMU's different fiscal rules, i.e., the stability and growth Pact, the structural deficit rule and the golden rule. From comparing the economic stabilizing effects of each rule, it concludes that the Pact is not the perfect solution.

Keywords: EMU; Fiscal Rules; Stabilization (search for similar items in EconPapers)
JEL-codes: E6 (search for similar items in EconPapers)
Date: 2006 Written 2006-02-21
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