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The stability pack and inefficiencies in fiscal policy making in EMU

Alho, Kari E. O. - 2000

The aim of the paper is to analyse the Stability and Growth Pact of EMU in a two-country model of monetary union with rational expectations and with spillovers of macroeconomic policies between the countries. The paper concentrates on tax policy, and shows that the results on optimal policy...

Persistent link: https://www.econbiz.de/10010199298

Analysis of fiscal rules in the European Monetary Union

Šehović, Damir - In: Journal of central banking theory and practice 4 (2015) 1, pp. 19-33

Persistent link: https://www.econbiz.de/10010486417

Stability criteria and convergence : the role of the system of national accounts for fiscal policy in Europe

Brück, Tilman; Cors, Andreas; Zimmermann, Klaus F.; … - 2002

forecasts of budget deficits. Yet national accounts data of the eurozone countries are now a reliable basis for macroeconomic … policy decisions. The stability and growth pact of the eurozone countries relies heavily on one indicator of fiscal … eurozone governments. …

Persistent link: https://www.econbiz.de/10011437135

Stabilitätspolitik in der Europäischen Wirtschafts- und Währungsunion : der geld- und finanzpolitische Policy-Mix im Europa von Maastricht

Beck, Reiner - 1997 - 1. Aufl.

Persistent link: https://www.econbiz.de/10000635027

Economic policy coordination in the Economic and Monetary Union : from Maastricht via the SGP to the fiscal pact

Mortensen, Jørgen - 2013

Persistent link: https://www.econbiz.de/10010201566

Economic policy coordination in the EMU : from Maastricht via SGP to the fiscal pact

Mortensen, Jørgen - 2013

The present paper first takes a step backwards with an attempt to situate the adoption of this Treaty in discussion of the SGP and the "Maastricht criteria" (the criteria for EMU membership fixed in the Maastricht Treaty) in a longer perspective of the sharing of competences for macroeconomic...