Proceedings from the ECFIN Workshop "The budgetary implications of structural reforms" - Brussels, 2 December 2005

S. Deroose, E. Flores and Alessandro Turrini

No 248, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: Most of the reforms discussed within the framework of the Lisbon strategy will benefit public finances in the long term. However, in the short-term, there could a trade-off between some structural reforms and budgetary discipline. This possible tension between reforms and fiscal discipline was identified by academic economists as a possible drawback of the Stability and Growth Pact since its inception.

Keywords: budgetary discipline; Stability and Growth Pact; Lisbon strategy; fiscal discipline; Deroose; Flores; Turrini (search for similar items in EconPapers)
Pages: 212 pages
Date: 2006-05
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Citations: View citations in EconPapers (1)

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