Larch, Martin; Turrini, Alessandro - In: Intereconomics : review of European economic policy 45 (2010) 1, pp. 48-60
The cyclically adjusted budget balance (CAB) plays a key role in the EU fiscal surveillance framework. It started off in a supporting role in the shadow of the headline defi cit and, before long, turned into the linchpin of the rules of the Stability and Growth Pact. The steep ascent was driven...
