Emu Fiscal Rules: is There a Gap?

Fabrizio Balassone () and D. Manacelli
Authors registered in the RePEc Author Service: Daniela Monacelli

Working Papers from Banca Italia - Servizio di Studi

Abstract: The Stability and Growth Pact sets a medium-term target for fiscal policy of a budgetary position "close to balance of in surplus". This addition to the deficit rule defined by the Maastricht Treaty has been interpreted as an attempt to reconcile the objective of sound public finances with the availability of adequate margins for stabilisation.

Keywords: FISCAL POLICY; ECONOMIC GROWTH; DEBT; ACCOUNTING (search for similar items in EconPapers)
JEL-codes: E61 H6 (search for similar items in EconPapers)
Date: 2000
View citations in EconPapers

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: EMU fiscal rules: Is there a gap? (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Access Statistics for this paper

More papers in Working Papers from Banca Italia - Servizio di Studi
Address: Banca d'Italia-Servizio Studi-Divisione Biblioteca e Pubblicazioni - Via N azionale, 91 -00184 Rome, Italy.
Contact information at EDIRC.
Series data maintained by Thomas Krichel ().