The European Union's constitutional balanced-budget amendment, the Stability and Growth Pact (SGP), dictates that EU … member states keep their budget deficits within three percent of GDP and that government debt be kept at or below 60 percent … prioritizes budget-balancing over reductions in spending and unemployment. For Americans, this a valuable lesson, as it shows what …

We review the main budgetary measures not accepted by the Portuguese Constitutional Court in the Budget Laws of 2012 …, 2013 and 2014. Considering the feedback effect of the fiscal impulse, the impact on the budget balance is -0.42% and of -0 …

This paper examines empirically how transparency of the budget process affects fiscal rules and incentives for fiscal …

are necessary to provide a correct diagnosis and effective recommendations. What are the "safe" levels of budget deficit …

Greece have found out, austerity does not mean reduced budget deficits, because tax revenues fall faster than spending can be …

investment volume of 315 billion Euro should be made available, enabled by 21 billion Euro of public money. The budget … Financial Instruments which have been increasingly executed during the last budget period. This work assesses the impact of …