Gaffeo, Edoardo; Passamani, Giuliana; Tamborini, Roberto - Dipartimento di Economia e Management, Università … - 2005
The recent revision (March 2005) of the Stability and Growth Pact (SGP) has confirmed the 3% deficit/GDP ratio as the pillar of the excessive deficits procedure envisaged by the Maastricht Treaty for member countries of the EMU. Since the deficit/GDP ceiling is still in place, research on its...