The main rationale for fiscal policy rules is the concern for long-term sustainability of public finances, that in a monetary union may affect the other members. Among many other criticisms, the Stability and Growth Pact (SGP) has been seen as contradictory or incomplete because it focuses on deficit rather than debt, the main indicator of public finances’ soundness. Furthermore, the few references to debt that were present in the treaties and related regulations are essentially ignored in actual practices. Some of the reform proposals that came out lately have addressed the issue and tried to embed a debt criterion in the Pact. We review these proposals and put forward our own proposed modification: the deficit ratio countries should targe...
This paper contributes to the debate on fiscal governance for the European Monetary Union, assessing...
There have been widespread criticisms of EMU fiscal institutions. We consider a simple alternative t...
The public finances crisis has brought binding fiscal rules proposals back to the forefront. The pap...
The main rationale for fiscal policy rules is the concern for long term sustainability of public fin...
The main rationale for fiscal policy rules is the concern for long-term sustainability of public fin...
The main rationale for fiscal policy rules is the concern for long-term sustainability of public fin...
There is an urgent need to link the excessive deficit procedure with the issue of sustainability and...
This paper o ers a critical assessment of the scal set-up in the Euro Area and considers a new frame...
Fiscal rules are instrumental for restraining deficit and spending biases in euro area Member States...
Monetary policy and fiscal policy are connected in various ways. This is why the adoption of the Eur...
Monetary policy and fiscal policy are connected in various ways. This is why the adoption of the Eur...
The European Union’s regulations governing sovereign debt are based on the principle of equal treatm...
Summary: The main rationale for fiscal policy rules is the concern for long-term sustainability of p...
This paper contributes to the debate on fiscal governance for the European Monetary Union, assessing...
The arguments for fiscal as well as monetary rules in a monetary union aiming at low inflation, the ...
This paper contributes to the debate on fiscal governance for the European Monetary Union, assessing...
There have been widespread criticisms of EMU fiscal institutions. We consider a simple alternative t...
The public finances crisis has brought binding fiscal rules proposals back to the forefront. The pap...
The main rationale for fiscal policy rules is the concern for long term sustainability of public fin...
The main rationale for fiscal policy rules is the concern for long-term sustainability of public fin...
The main rationale for fiscal policy rules is the concern for long-term sustainability of public fin...
There is an urgent need to link the excessive deficit procedure with the issue of sustainability and...
This paper o ers a critical assessment of the scal set-up in the Euro Area and considers a new frame...
Fiscal rules are instrumental for restraining deficit and spending biases in euro area Member States...
Monetary policy and fiscal policy are connected in various ways. This is why the adoption of the Eur...
Monetary policy and fiscal policy are connected in various ways. This is why the adoption of the Eur...
The European Union’s regulations governing sovereign debt are based on the principle of equal treatm...
Summary: The main rationale for fiscal policy rules is the concern for long-term sustainability of p...
This paper contributes to the debate on fiscal governance for the European Monetary Union, assessing...
The arguments for fiscal as well as monetary rules in a monetary union aiming at low inflation, the ...
This paper contributes to the debate on fiscal governance for the European Monetary Union, assessing...
There have been widespread criticisms of EMU fiscal institutions. We consider a simple alternative t...
The public finances crisis has brought binding fiscal rules proposals back to the forefront. The pap...