The Stability and Growth Pact: A Delicate Balance or an Albatross?

The EU's Stability and Growth Pact tries to strike a delicate balance: it imposes the constraints on national fiscal policy that were deemed necessary to protect the new European Central Bank from outside pressures; at the same time, it allows flexibility for a counter-cyclical policy. First, w...

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Bibliographic details
Volume: 26
Main Author: Canzoneri, Matthew B
Diba, Behzad T
Format: Journal Article
Language: English
Place of publication: Boston Kluwer Academic Publishers 01.09.1999
published in: Empirica Vol. 26; no. 3; pp. 241 - 258
Data of publication: 19990900
ISSN: 0340-8744
EISSN: 1573-6911
Discipline: Social Sciences (General)
Political Science
Series: Empirica
Online Access: Fulltext
Database: RePEc IDEAS
Database information Databases - DBIS