Series: Staff Discussion Notes
Author(s): Michal Andrle , John Bluedorn , Luc Eyraud , Tidiane Kinda , Petya Koeva Brooks , Gerd Schwartz , and Anke Weber
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 May 2015
Keywords: Fiscal reforms, Euro Area, European Economic and Monetary Union, Fiscal rules, Fiscal policy, Fiscal Governance, European Economic, Monetary Union, debt, expenditure
Successive reforms have brought many positive elements to the European Union's fiscal framework. But they have also increased its complexity. The current system involves an intricate set of fiscal constraints, whic...