Emu Fiscal Rules: is There a Gap?

Fabrizio Balassone and D. Manacelli
Authors registered in the RePEc Author Service: Daniela Monacelli

Working Papers from Banca Italia - Servizio di Studi

Abstract: The Stability and Growth Pact sets a medium-term target for fiscal policy of a budgetary position "close to balance of in surplus". This addition to the deficit rule defined by the Maastricht Treaty has been interpreted as an attempt to reconcile the objective of sound public finances with the availability of adequate margins for stabilisation.

Keywords: FISCAL POLICY; ECONOMIC GROWTH; DEBT; ACCOUNTING (search for similar items in EconPapers)
JEL-codes: E61 H6 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2000
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Citations: View citations in EconPapers (17)

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Working Paper: EMU fiscal rules: Is there a gap? (2000)
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