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Reforming the Stability and Growth Pact

Reforming the Stability and Growth Pact »

Volume/Issue: 2005/2

Series: IMF Policy Discussion Papers

Author(s): Anthony Annett , Jörg Decressin , and Michael Deppler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2005

DOI: http://dx.doi.org/10.5089/9781451975482.003

ISBN: 9781451975482

Keywords: Economic stabilization, Fiscal policy, Fiscal rules, Political economy, structural reforms, implicit liabilities, international monetary fund

A rules-based fiscal framework, such as the EU’s Stability and Growth Pact (SGP), can be an important bulwark against short-sighted policies. Although policies have improved following the SGP’s adopti...

Reforming the Stability and Growth Pact

Reforming the Stability and Growth Pact »

Source: Reforming the Stability and Growth Pact

Volume/Issue: 2005/2

Series: IMF Policy Discussion Papers

Author(s): Anthony Annett , Jörg Decressin , and Michael Deppler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2005

ISBN: 9781451975482

Keywords: Economic stabilization, Fiscal policy, Fiscal rules, Political economy, structural reforms, implicit liabilities, international monetary fund

A rules-based fiscal framework, such as the EU’s Stability and Growth Pact (SGP), can be an important bulwark against short-sighted policies. Although policies have improved following the SGP’s adopti...