The End of the Stability and Growth Pact?

Jakob de Haan, Helge Berger (), David-Jan Jansen and Jakob de Haan
Authors registered in the RePEc Author Service: Jakob de Haan

No 1093, CESifo Working Paper Series from CESifo

Abstract: This paper evaluates the Stability and Growth Pact. After examining the rules in place and the experience so far, the Pact is analysed from a political economy perspective, focusing on the choice for so-called soft law and drawing inferences from characteristics of successful fiscal rules at the state level in the United States. It is also examined whether big and small countries are likely to adhere to fiscal policy rules in place. Furthermore, the impact of the business cycle on fiscal policy outcomes is analysed. Finally, the proposals of the European Commission to strengthen the Pact are discussed.

Keywords: Stability and Growth Pact; EMU; budget discipline (search for similar items in EconPapers)
Date: 2003
New Economics Papers: this item is included in nep-ifn
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

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Working Paper: The end of stability and growth pact? (2003)
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