Fiscal Policy and Macroeconomic Stabilisation in the Euro Area: Possible Reforms of the Stability and Growth Pact and National Decision-Making-Processes

Lars Calmfors, Giancarlo Corsetti, John Flemming, Seppo Honkapohja, John Kay, Willi Leibfritz, Gilles Saint-Paul, Hans-Werner Sinn and Xavier Vives

EEAG Report on the European Economy, 2003, 46-75

Abstract: This chapter analyses the role of fiscal policy as a tool of macroeconomic stabilisation and proposes changes in the EU fiscal rules with the aim of making them more flexible while at the same time maintaining fiscal discipline.

Date: 2003
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Chapter: Fiscal Policy and Macroeconomic Stabilisation in the Euro Area: Possible Reforms of the Stability and Growth Pact and National Decision-Making Processes (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:eeagre:v::y:2003:i::p:46-75

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