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Enforcement and the stability and growth pact : how fiscal policy did and did not change under Europe's fiscal framework /
The Stability and Growth Pact has been a success in numerous EU countries, especially in guiding them toward underlying fiscal balance ahead of population aging. These countries tend to be smaller, subject to greater macroeconomic volatility, and reliant on a form of fiscal governance that emphasize...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, European Dept.,
2006.
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| Colección: | IMF working paper ;
WP/06/116. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The Stability and Growth Pact has been a success in numerous EU countries, especially in guiding them toward underlying fiscal balance ahead of population aging. These countries tend to be smaller, subject to greater macroeconomic volatility, and reliant on a form of fiscal governance that emphasizes targets and contracts. Most of the new members share these characteristics. For the countries less compatible with the Pact, domestic governance reforms that increase the reputational costs for noncompliance can be useful complements to the fiscal framework. |
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| Descripción Física: | 1 online resource (32 pages) : illustrations |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 128351141X 9781283511414 9781451909104 1451909101 1462334679 9781462334674 1452781427 9781452781426 9786613823861 6613823864 |
| ISSN: | 2227-8885 ; |