Afonso, António (contributor); Claeys, Peter (contributor) - 2007
conditions worsen but cause a ‘ratcheting up’ in the size of government in economic booms. The Stability and Growth Pact has not … of government in
economic booms. The Stability and Growth Pact has not eradicated these procyclical
policies. Bad … Maastricht Treaty and afterwards the Stability and Growth Pact seemed to
have put in place a set of tight fiscal rules. A …