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Does Stability and Growth Pact Provide an Adequate and Consistent Fiscal Rule? [PDF]

open access: yes
This paper examines the adequacy and the consistency of the fiscal rule set by the Treaty of Maastricht and the Stability and Growth Pact. First, it shows that the functional fiscal rule is adequate in ensuring the final goal of public debt ...
Mauro Visaggio
core  

Atatürk Dönemi Dış Politika Meselelerinin Türk Yerel Basınına Yansıması: Yeni Mersin Gazetesi Örneği

open access: yesJournal of Literature and Humanities
Gazeteler, kendi dönemlerinin birer aynası mahiyetinde oldukları için tarih araştırmalarının birinci elden kaynakları arasında yer alırlar. Bu yüzden araştırmalar için vazgeçilmez öneme sahiptirler.
Nevin Yildirim, Mevlüt Yüksel
doaj  

The Stability and Growth Pact Time to Rebuild! [PDF]

open access: yes
Within this paper we specify a symmetric two country model for the euro area to evaluate monetary and fiscal policy interaction with decentralized fiscal authorities. Obviously this calls for rules which neatly balance the chances and perils.
Mayer, Eric, Bofinger, Peter
core  

The Stability and Growth Pact - crisis and reform [PDF]

open access: yes
The sovereign debt crisis in the euro area is a symptom of policy failures and deficiencies in – among other things – fiscal policy coordination. The first nine years of the euro were not used effectively in order to improve public finances, while the ...
Rother, Philipp   +3 more
core  

Strategic debt management within the stability and growth pact [PDF]

open access: yes
Opportunistic politicians use the composition of public debt as a signal for competence. A competent government will not issue long-term nominal debt, as optimal to balance the budget, but long-term inflation-indexed debt.
Sieg, Gernot, Stegemann, Ulrike
core  

The reform and implementation of the Stability and Growth Pact [PDF]

open access: yes
Fiscal rules are instrumental for restraining deficit and spending biases in euro area Member States that could threaten the smooth functioning of Economic and Monetary Union (EMU).
Richard Morris   +2 more
core  

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