EMU's Fiscal Rules and Economic Stabilization

Christophe Schalck ()
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Christophe Schalck: EconomiX, University of Paris X

Economics Bulletin, 2006, vol. 5, issue 4, 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.

JEL-codes: E6 (search for similar items in EconPapers)
Date: 2006-02-21
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Citations: View citations in EconPapers (1)

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