Has the Stability and Growth Pact stabilised? Evidence from a panel of 12 European countries and some implications for the reform of the Pact
Ever since its inception EMU has been subject to controversy. The fiscal policy rules embedded in the Treaty on European Union, and clarified in the Stability and Growth Pact (SGP), are probably the most contentious. The SGP is being accused of being too rigid and of forcing pro-cyclicality in fisca...
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| Format: | other |
| Language: | eng |
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2005
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| Online Access: | http://hdl.handle.net/10316/11763 |
| Country: | Portugal |
| Oai: | oai:estudogeral.sib.uc.pt:10316/11763 |