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

LarsCalmfors, GiancarloCorsetti, JohnFlemming, SeppoHonkapohja, JohnKay, WilliLeibfritz, GillesSaint-Paul, Hans-WernerSinn and XavierVives
Authors registered in the RePEc Author Service: Xavier Vives (), Giancarlo Corsetti (), Gilles Saint-Paul (), Seppo Mikko Sakari Honkapohja () and Hans-Werner Sinn ()

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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