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Reform of the Stability and Growth Pact [PDF]
Financial Theory and Practice, 2006 In conditions of the single monetary policy and the decentralised fiscal policy in the European Monetary Union (EMU) it is necessary for the coordination of macroeconomic policy to be strengthened.
Ana Šabić
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Reform of the Stability and Growth Pact: Which changes for the governments?
Journal of Government and EconomicsIn 2020, in the context of the COVID-19 health crisis, the rules of the Stability and Growth Pact were temporarily suspended in the European Union. Nevertheless, the European Council and the European Parliament reached an agreement for the reactivation ...
Séverine Menguy
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The application of the European Union fiscal rules in the COVID-19 pandemic crisis [PDF]
Zbornik Radova Pravnog Fakulteta u Nišu, 2022 The paper examines the application of the European Union fiscal rules in the conditions of disturbances caused by the COVID-19 pandemic. Faced with a severe economic crisis, the European Union (EU) institutions for the first time activated a "general ...
Golubović Srđan
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The End of the Stability and Growth Pact? [PDF]
International Economics and Economic Policy, 2004 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.
Jakob de Haan +2 more
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Measuring fiscal guidance transparency
Public Sector Economics, 2022 The public disclosure of medium-term fiscal plans - “fiscal guidance” - represents an increasingly important, yet understudied element of fiscal transparency frameworks.
Claudio Columbano
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The Euro Area Periphery Debt Conundrum
Intereconomics, 2022 There are many reasons to reform the Stability and Growth Pact, but that reform is no panacea. This is because the euro area periphery has increasingly entered a debt conundrum.
Robin Brooks, Jonathan Pingle
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Politics and Governance, 2021 Fiscal policy surveillance, including the possibility to impose financial sanctions, has been an important feature of Economic and Monetary Union since its inception.
Martin Sacher
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The Stability and Growth Pact: Crisis and Reform [PDF]
SSRN Electronic Journal, 2011 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 Stability and Growth Pact was watered down.
Ludger Schuknecht +3 more
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The Stability and Growth Pact in Need of Reform [PDF]
Intereconomics, 2005 The failure of an increasing number of countries to comply with the rules of the Stabilityand Growth Pact has given fresh impetus to the debate on the appropriateness of the Pact in its present form. This Forum deals with the deficiencies of the present design of the Pact and with possible ways of improving it, including the pertinent proposals by the ...
Boonstra, Wim +3 more
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On a Reformed Stability and Growth Pact [PDF]
Intereconomics, 2005 In March 2005, the Council of Economics and Finance Ministers (Ecofin) presented its own suggestions for a possible Stability and Growth Pact (SGP) reform in a Report to the European Council. The Council Report divides its proposals into three parts, namely improving governance, strengthening the preventive arm and improving the implementation of the ...
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