did not prevent deficits and debt ratios that have threatened the stability of the monetary union in the past and that … fiscal risks and stabilizing output. Finally, the framework does not provide sufficient tools for EU-wide stabilization. This … target. This paper proposes a new framework based on risk-based EU-level fiscal rules, strengthened national institutions …

media and broader public to the Stability and Growth Pact (SGP). The point of culmination was reached when the European … the procedure and the division of power between Council and Commission in the enforcement of national budgetary discipline …. As a result, the extent to which the system of fiscal surveillance and economic policy coordination binds the Member …

Proposals for amending the Stability and Growth Pact come frequently from countries engaged in structural reform of … in terms of the Stability and Growth Pact has clearly deteriorated, which is unfair. This deficit goal is correct because … their pension system. The author argues against proposals for changing the deficit ceiling in general and in favour of …

the Stability and Growth Pact: Are 'Delegation States' at a Disadvantage?--D.Hodson * Comments on Part II … the Stability and Growth Pact: Are 'Delegation States' at a Disadvantage?--D.Hodson * Comments on Part II …-enhancing Role of Fiscal Institutions: Theory and Empirical Evidence--X.Debrun &--M.S.Kumar * The Surplus Factor--T.Broesens &--P …

media and broader public to the Stability and Growth Pact (SGP). The point of culmination was reached when the European … the procedure and the division of power between Council and Commission in the enforcement of national budgetary discipline …. As a result, the extent to which the system of fiscal surveillance and economic policy coordination binds the Member …

1 National Saving and the Stability and Growth Pact Martin Weale National Institute of Economic and Social Research … Commission, 2004) suggest that, within the general framework of the Stability and Growth Pact, countries’ fiscal deficits …. (2002). “Setting Medium-term Fiscal Targets in EMU”. In The Stability and Growth Pact. Edited by A. Brunila, M. Buti and D …

The ‘Stability and Growth Pact’ aims to constrain excessive fiscal deficits by member countries in the European … SGP that focus on national ownership of fiscal discipline and an extension of Medium Term Objectives to include a … Monetary Union. It identifies and prescribes sanctions for countries that breach the Maastricht deficit and debt ceilings …

The failure of key EU Member States to respect the provisions of the Stability and Growth Pact (SGP) a few years after …. Econo-mists hold diverging views on the goals, instruments, efficiency and institutions for fiscal policy-making. This state … its inception triggered a heated debate on how to reform the framework of fis-cal policy coordination in the Economic and …

The European Fiscal Framework and the Stability and Growth Pact (SGP) have had great significance since the completion … reforming the SGP, as well as the failure to impose sanctions and early warnings against states in breach of the Pact, have … of the European Monetary Union (EMU) in 1999. The current enforcement and credibility problems, and discussion about …