Saraceno, Francesco; Monperrus-Veroni, Paola - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 73 (2004) 3, pp. 471-480
The main rationale for fiscal policy rules is the concern for long-term sustainability of public finances, that in a monetary union may affect the other members. Among many other criticisms, the Stability and Growth Pact (SGP) has been seen as contradictory or incomplete because it focuses on...
