Fiscal Perspectives in Europe: Convergence and Debt's burden

Thierry Warin

Economics Bulletin, 2005, vol. 28, issue 5, A0

Abstract: The paper addresses the question of the fiscal perspectives within the Economic and Monetary Union (EMU). By using a panel data analysis associated with an interpretation in terms of differences instead of levels, the results show a steady convergence of public deficits across the EMU, and that the EMU needs either to comply with the Lisbon agenda, or some kind of a growth strategy, or reduce the interest of the debt in order to regain some fiscal flexibility while abiding by the Stability and Growth Pact (SGP).

JEL-codes: E6 H6 (search for similar items in EconPapers)
Date: 2005-07-11
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-05aa0005

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