Narrow search
Showing 1 - 10 of 6,475
Cover Image
Could the Stability and Growth Pact be Substituted by the Financial Markets?
ECSA-Austria: European Integration online Papers
In the discussions on the need for fiscal rules and their usefulness in a monetary union, researchers have not agreed if financial markets have a sufficiently disciplining effect on governments, which would mean that the fiscal rules are not necessary. This paper investigates whether the...
Persistent link: https://www.econbiz.de/10009483205
Cover Image
Could the Stability and Growth Pact be Substituted by the Financial Markets?
Vyprachticka, Terezie - In: European Integration online Papers (EIoP) 15 (2011) 09
In the discussions on the need for fiscal rules and their usefulness in a monetary union, researchers have not agreed if financial markets have a sufficiently disciplining effect on governments, which would mean that the fiscal rules are not necessary. This paper investigates whether the...
Persistent link: https://www.econbiz.de/10009325373
Cover Image
A Question of Fit for EMU: Process and Policy in the Fiscal Domain
Ardy, Brian - One-Europe Programme - 2000
Persistent link: https://www.econbiz.de/10005754834
Cover Image
Fiscal Policy in Europe: The Past and Future of EMU Rules from the Perspective of Musgrave and Buchanan
Buti, Marco; Sapir, André - C.E.P.R. Discussion Papers - 2006
another. EMU's fiscal rules - embodied in the Maastricht Treaty and the Stability and Growth Pact - can be regarded as the …
Persistent link: https://www.econbiz.de/10005791965
Cover Image
Chasing Maastricht: The Impact of the EMU on the Fiscal Performance of Member States
Busemeyer, Marius R. - In: European Integration online Papers (EIoP) 8 (2004) 07
This paper examines the impact of the Economic and Monetary Union (EMU) on the fiscal performance of EU member states …. I will show that the process towards EMU and the accompanying Stability and Growth Pact (SGP) have increased fiscal … EMU was more severe than for the large states in the core of the EU (Germany and France). Second, as members of the EMU …
Persistent link: https://www.econbiz.de/10004969231
Cover Image
Fiscal Policy Rules and the Sustainability of Public Debt in Europe
Collignon, Stefan - RECON - 2010
In this paper, the sustainability of public debt is interpreted as the result of the interaction of fiscal policy with the economic environment, and not as a statistical concept as in most of the recent literature. If debt must not explode over time, policy makers have to respond to the changing...
Persistent link: https://www.econbiz.de/10008784836
Cover Image
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 …
Persistent link: https://www.econbiz.de/10010199298
Cover Image
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 …
Persistent link: https://www.econbiz.de/10010326861
Cover Image
Efficiency of stability-oriented institutions: the European case
Capoen, Fabrice; Creel, Jerome - Centre de recherche en Économie (OFCE), Sciences … - 2007
Stability-oriented European institutions correspond to the general prescriptions of the ‘new macroeconomics consensus’. This contribution provides an assessment of the pros and cons of these institutions in terms of macro stabilisation and exchange-rate swings drawing on different scenarios....
Persistent link: https://www.econbiz.de/10005792609
Cover Image
What is the Optimal Institutional Arrangement for a Monetary Union?
Gambacorta, Leonardo - Banca d'Italia - 1999
The aim of this paper is to design the optimal institutional arrangement for a monetary union. Using a two-country rational expectations model, the study analyses how the conservatism of the area-wide central bank and the penalty system for fiscal deviation (Stability and Growth Pact) should be...
Persistent link: https://www.econbiz.de/10005609368