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Have euro area and EU economic governance worked? Just the facts
Ioannou, Demosthenes; Stracca, Livio - 2011
We test whether two key elements of the EU and euro area economic governance framework, the Stability and Growth Pact … governance pillars is evaluated based on both the performance before and after their application as well as against the control …
Persistent link: https://www.econbiz.de/10011605390
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Have the euro area and EU governance worked? : Just the facts
Ioannou, Demosthenes; Stracca, Livio - In: European journal of political economy 34 (2014), pp. 1-17
Persistent link: https://www.econbiz.de/10010486621
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Have euro area and EU economic governance worked? Just the facts
Ioannou, Demosthenes; Stracca, Livio - European Central Bank - 2011
We test whether two key elements of the EU and euro area economic governance framework, the Stability and Growth Pact … governance pillars is evaluated based on both the performance before and after their application as well as against the control …
Persistent link: https://www.econbiz.de/10009024967
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The determinants of macroeconomic forecasts and the Stability and Growth Pact
Martins, Patricia; Correia, Leonida - ISEG - School of Economics and Management, Department … - 2013
This paper identifies the determinants of macroeconomic forecasts (budget balance, public debt and real GDP growth), of the governments of the 15 EU countries. We have used the forecasts of the Stability and Convergence Programmes submitted between 1998/99 and 2008/09 and the European...
Persistent link: https://www.econbiz.de/10010630633
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AN ANALYSIS OF THE FISCAL CONVERGENCE CRITERIA IN THE EUROPEAN UNION IN TERMS OF THE SUSTAINABILITY
Bucur, Iulia Andreea; Dragomirescu, Simona Elena - In: Studies and Scientific Researches. Economics Edition (2013) 18
Although the convergence criteria in the Maastricht Treaty led to the creation of the EMU and the euro area has resisted more than some of its critics believed, in the context of major macroeconomic imbalances, the issue of nominal convergence has been the subject of numerous research. This...
Persistent link: https://www.econbiz.de/10010895102
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DÉVELOPPEMENT FINANCIER, QUALITÉ INSTITUTIONNELLE ET CROISSANCE : UN MODÈLE SIMPLE AVEC EFFETS DE SEUIL
MINEA, Alexandru; VILLIEU, Patrick - In: Region et Developpement 32 (2010), pp. 31-58
exerce un effet favorable sur la croissance lorsque les institutions sont saines, alors que cette corrélation disparaît si … les institutions sont altérées. Dans cet article, nous tentons de reproduire ce fait saillant dans un modèle de croissance … financial development has a positive effect on economic growth when institutions are “sound”, while this correlation disappears …
Persistent link: https://www.econbiz.de/10009145825
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Implementing the stability and growth pact: enforcement and procedural flexibility
Beetsma, Roel; Debrun, Xavier - 2005
The paper proposes a theoretical analysis illustrating some key policy trade-offs involved in the implementation of a rules-based fiscal framework reminiscent of the Stability and Growth Pact (SGP). The analysis offers some insights on the current debate about the SGP. Specifically, greater...
Persistent link: https://www.econbiz.de/10011604479
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The reform and implementation of the Stability and Growth Pact
Morris, Richard; Ongena, Hedwig; Schuknecht, Ludger - 2006
Fiscal rules are instrumental for restraining deficit and spending biases in euro area Member States that could threaten the smooth functioning of Economic and Monetary Union (EMU). Ideally, fiscal rules should combine characteristics such as sufficient flexibility to allow for appropriate...
Persistent link: https://www.econbiz.de/10011606199
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Fiscal policy in new EU member states : go East, prudent man!
Schneider, Ondřej; Zapal, Jan - 2005
The European Union (EU) accepted ten new member states (NMS) in 2004. These countries, mostly former socialist countries, have had to adjust their economic policies to the EU's standards. Perhaps most difficult has proven to be fiscal policy whereby NMS must comply with the Stability and Growth...
Persistent link: https://www.econbiz.de/10010276559
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What are their words worth? : Political plans and economic pains of fiscal consolidations in new EU member States
Zapal, Jan; Schneider, Ondřej - 2006
In this paper, we track fiscal authority behaviour in the ten new EU member states (NSM) in the period which immediately preceded their EU accession. We first present basic stylized facts about public budgets of those countries. The paper then analyses reasons which led to periods of fiscal...
Persistent link: https://www.econbiz.de/10010276564