Showing 1 - 10 of 219
Persistent link: https://www.econbiz.de/10002055046
Persistent link: https://www.econbiz.de/10003404900
Persistent link: https://www.econbiz.de/10001350706
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...
Persistent link: https://www.econbiz.de/10002515704
Persistent link: https://www.econbiz.de/10002517595
The financial crisis of 2007-2009 led to a renewed increase in government deficits and debts in many EU countries, causing a full-fledged fiscal crisis in Greece and severe fiscal pressures in other euro-area countries. This has prompted a series of proposals for improving the fiscal framework...
Persistent link: https://www.econbiz.de/10008664982
Persistent link: https://www.econbiz.de/10009422183
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 depends on the...
Persistent link: https://www.econbiz.de/10010366529
Persistent link: https://www.econbiz.de/10003394437