Structural Reforms and Fiscal Discipline in Europe.

The global slowdown has tested the effectiveness of the European institutional frameworks in supporting both stability and growth which led to a number of proposals for reform regarding the institutional design of the European Union and on the relationship between the goal of fiscal discipline and the plan of structural reforms. This paper aims at collecting and summarising recent contributions on the effectiveness of the institutional framework operating in Europe to fulfil the objectives declared in the Lisbon Agenda under the fiscal constraints established in the Stability and Growth Pact.