The End of the Stability and Growth Pact?

Arbeitspapier

This paper evaluates the Stability and Growth Pact. After examining the rules in place and the experience so far, the Pact is analysed from a political economy perspective, focusing on the choice for so-called soft law and drawing inferences from characteristics of successful fiscal rules at the state level in the United States. It is also examined whether big and small countries are likely to adhere to fiscal policy rules in place. Furthermore, the impact of the business cycle on fiscal policy outcomes is analysed. Finally, the proposals of the European Commission to strengthen the Pact are discussed.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 1093

Classification and Topics

• Classification: Wirtschaft
• Subject: Stability and Growth Pact ; EMU ; budget discipline

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): de Haan, Jakob ; Berger, Helge ; Jansen, David-Jan
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2003

Further information

• Handle: http://hdl.handle.net/10419/76502
• Last update: 10.03.2025, 11:43 AM CET