Lemmer, Astrid; Stegarescu, Dan - In: Intereconomics : review of European economic policy 44 (2009) 3, pp. 159-165
With the 2005 reform of the Stability and Growth Pact, a commitment was made to actively consolidate public finances in good times and to use unexpected extra revenues for deficit and debt reduction and not for additional expenditure. Against this background this study provides evidence of a lax...
