Artikel
The stability and growth pact, and balanced budget fiscal stimulus: Evidence from Germany and Italy
This paper assesses the limitations that the Stability and Growth Pact has imposed on Italy's economic recovery and its debt reduction. By evaluating Germany's fiscal policy since 1997, the paper offers recommendations for the Italian authorities. Measures put forward by European Union institutions are hampering Italy's economic recovery, and evidence indicates that fiscal consolidation is ineffective in reducing the debt-to-GDP ratio. A balanced budget fiscal injection seems the only way for Italy to escape from its economic slump without further violations of the SGP. The paper concludes that the Pact either needs to be reformed or replaced by a central fiscal authority.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Intereconomics ; ISSN: 1613-964X ; Volume: 50 ; Year: 2015 ; Issue: 1 ; Pages: 32-39 ; Heidelberg: Springer
- Klassifikation
-
Wirtschaft
- Thema
-
Europäischer Stabilitätsmechanismus
Wirtschaftliche Anpassung
Wirkungsanalyse
Systemvergleich
Deutschland
Italien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Karagounis, Konstantinos
Syrrakos, Dimitrios
Simister, John
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer
- (wo)
-
Heidelberg
- (wann)
-
2015
- DOI
-
doi:10.1007/s10272-015-0522-6
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Karagounis, Konstantinos
- Syrrakos, Dimitrios
- Simister, John
- Springer
Entstanden
- 2015
Ähnliche Objekte (12)
Balanced-Budget Fiscal Stimuli of Investment and Welfare Value
Fiscal stimulus and distortionary taxation
Fiscal stimulus and distortionary taxation
De facto fiscal space and fiscal stimulus: Definition and assessment
De facto fiscal space and fiscal stimulus: Definition and assessment
Do balanced-budget fiscal stimuli of investment increase its economic value?
Fiscal stimulus and labor market flexibility
Fiscal Stimulus and the Extensive Margin
Fiscal stimulus and labor market flexibility
Stimulus and Fiscal Consolidation: The Evidence and Implications
Stimulus and Fiscal Consolidation: The Evidence and Implications
Fiscal policy in EMU: Towards a sustainability and growth pact?
Balanced-Budget Fiscal Stimuli of Investment and Welfare Value
Fiscal stimulus and distortionary taxation
Fiscal stimulus and distortionary taxation
De facto fiscal space and fiscal stimulus: Definition and assessment
De facto fiscal space and fiscal stimulus: Definition and assessment
Do balanced-budget fiscal stimuli of investment increase its economic value?
Fiscal stimulus and labor market flexibility
Fiscal Stimulus and the Extensive Margin
Fiscal stimulus and labor market flexibility
Stimulus and Fiscal Consolidation: The Evidence and Implications
Stimulus and Fiscal Consolidation: The Evidence and Implications
Fiscal policy in EMU: Towards a sustainability and growth pact?
Balanced-Budget Fiscal Stimuli of Investment and Welfare Value
Fiscal stimulus and distortionary taxation
Fiscal stimulus and distortionary taxation
De facto fiscal space and fiscal stimulus: Definition and assessment
De facto fiscal space and fiscal stimulus: Definition and assessment
Do balanced-budget fiscal stimuli of investment increase its economic value?
Fiscal stimulus and labor market flexibility
Fiscal Stimulus and the Extensive Margin
Fiscal stimulus and labor market flexibility
Stimulus and Fiscal Consolidation: The Evidence and Implications
Stimulus and Fiscal Consolidation: The Evidence and Implications