The purpose of this paper is to examine the fiscal characteristics of the new members in the light of the requirements of the SGP and the criticisms levelled against the Pact and to see in what ways their initial conditions differ from those faced by the current euro zone countries in the run-up...

El gobernador interviene en la discusión del Proyecto de Presupuestos Generales del Estado para 2022, que da soporte a las consideraciones de la política fiscal ante la recuperación gradual de la economía española y mundial tras la profunda crisis económica provocada por la pandemia de...

El gobernador interviene en la discusión del Proyecto de Presupuestos Generales del Estado para 2022, que da soporte a las consideraciones de la política fiscal ante la recuperación gradual de la economía española y mundial tras la profunda crisis económica provocada por la pandemia de...

This paper investigates the rationales for fiscal rules in a monetary union, such as the Stability and Growth Pact (SGP), which has been adopted in the European Union (EU). Rationales for rules in fiscal policy have been found linked to the existence of externalities in a monetary union, which...

This paper investigates the rationales for fiscal rules in a monetary union, such as the Stability and Growth Pact (SGP), which has been adopted in the European Union (EU). Rationales for rules in fiscal policy have been found linked to the existence of externalities in a monetary union, which...