Arbeitspapier

The dog that would never bite? The past and future of the Stability and Growth Pact

This paper analyses the underlying reasons for the creation of the Stability and Growth Pact (SGP) and its subsequent development in recent years. The paper examines the economic and political factors behind it, including the role of economic ideas, experts, politicians, institutional arrangements in the Maastricht Treaty, domestic politics, and the exceptional position of Germany in the realm of monetary integration in the EU. It concludes that a set of commonly held beliefs together with a corresponding power-political constellation explain the creation of the SGP.

Language
Englisch

Bibliographic citation
Series: MPIfG Working Paper ; No. 03/12

Classification
Sozialwissenschaften, Soziologie, Anthropologie

Event
Geistige Schöpfung
(who)
Heipertz, Martin
Verdun, Amy
Event
Veröffentlichung
(who)
Max Planck Institute for the Study of Societies
(where)
Cologne
(when)
2003

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Heipertz, Martin
  • Verdun, Amy
  • Max Planck Institute for the Study of Societies

Time of origin

  • 2003

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