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The design of fiscal rules and forms of governance in European Union countries

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Fiscal rules, such as the excessive deficit procedure and the stability and growth pact (SGP), aim at constraining government behavior. Milesi-Ferretti (2003) develops a model in which governments circumvent such rules by reverting to creative accounting. The amount of this creative accounting...

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The design of fiscal rules and forms of governance in European Union countries

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Persistent link: https://www.econbiz.de/10003962055

Government risk premiums in the bond market : EMU and Canada

Schuknecht, Ludger (contributor); … - 2008

that risk premiums incurred by central governments of EU member states respond positively to central government debts and … at work in European government bond markets supports the notion that the no-bailout clause in the EU Treaty is credible …

Persistent link: https://www.econbiz.de/10003749936

Budgetary forecasts in Europe - the track record of stability and convergence programmes

Strauch, Rolf; Hallerberg, Mark; Hagen, Jürgen von - 2004

Persistent link: https://www.econbiz.de/10013434642