Larch, Martin; Busse, Matthias; Jankovics, László - 2021
In 2012, 22 EU countries signed the Fiscal Compact, an intergovernmental agreement aimed at backing EU fiscal rules … with national arrangements. The main objective of the Compact was to strengthen compliance. Based on a survey of national … independent fiscal institutions, we take a closer look at the correction mechanism, the core of the Fiscal Compact. As the name …