After an in-depth review of the Stability and Growth Pact, the authors of this CEPS Policy Brief conclude that there is …

-ted States has grown by more than 7 per cent in the past five years, although the source of the crisis was not the EU but the US … consideration the unemployment rate as well when shaping its monetary policy. In addition, the criteria of the Stability and Growth … Pact should also be changed: it would perhaps be better to define targets for the rate of net country debt and the balance …

States has grown by more than 7 per cent in the past five years, although the source of the crisis was not the EU but the US … consideration the unemployment rate as well when shaping its monetary policy. In addition, the criteria of the Stability and Growth … Pact should also be changed: it would perhaps be better to define targets for the rate of net country debt and the balance …

It is widely recognised that fiscal policy will have greater responsibilities for cyclical stabilisation in the EMU …, given the loss of the monetary instrument at national level. At the same time, the EMU's budgetary framework emphasises the …

the Stability and Growth Pact, and proposals for its reform are reviewed. Our own proposal for reforming the SGP is put … the SGP is likely to continue to be a dead letter. This suggests that the EMU was implemented prematurely …

The failure of key EU Member States to respect the provisions of the Stability and Growth Pact (SGP) a few years after … Monetary Union (EMU). This paper analyzes 101 reform proposals presented by professional academic and non-academic economists …

recessions. Since the agreement on the "Stability and Growth Pact" by the European Council in Dublin in December 1996, interest … in this issue has increased significantly. The Stability and Growth Pact, which sets the rules for budgetary behaviour in … flexibility could be allowed. The rules laid out in the Stability and Growth Pact are used in this paper as a benchmark to …

European Union, and clarified in the Stability and Growth Pact (SGP), are probably the most contentious. The SGP as always …Ever since its inception EMU has been subject to controversy. The fiscal policy rules embedded in the Treaty on …; and Perotti (2003) concluded that discretionary fiscal policy has actually become more countercyclical in EMU countries …

The failure of key EU Member States to respect the requirements of the Stability and Growth Pact (SGP) a few years … and Monetary Union (EMU). This paper systematically analyzes 101 reform proposals presented by professional academic and … background of its author(s), the main aim attached to fiscal policy coordination in the EMU, the timing of the proposal and the …