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Reforming Europe's stability and growth pact: Lessons from the American experience in macrobudgeting [PDF]

open access: yesReview of International Political Economy, 2007
Proposed and actual reforms to the European Union (EU) Stability and Growth Pact commonly retain the Pact’s deficit and debt targets. The American experience with similar macrobudgetary rules suggests that deficit targets may actually act as an incentive
James D Savage, Amy Verdun
exaly   +1 more source

The new EU Stability and Growth Pact – new bottle with a lot of old wine

European Journal of Economics and Economic Policies: Intervention
The article reviews the latest version of the proposal for a new Stability and Growth Pact of the European Union, as accepted by the European Parliament in April 2024.
J. Priewe
semanticscholar   +1 more source

Reforming the Stability and Growth Pact: Debt reduction versus sustainable and inclusive growth

Common market law review
The reformed EU fiscal rules (also referred to as Stability and Growth Pact) entered into force in April 2024. The main objectives of the reform were to ensure sound and sustainable public finances, while promoting sustainable and inclusive growth in ...
Hanna Oraheimo, Kasper Paasikallio
semanticscholar   +1 more source

The review of the Stability and Growth Pact

Common Market Law Review, 2006
info:eu-repo/semantics ...
openaire   +2 more sources

Eu Fiscal Governance on The Member States: The Stability and Growth Pact and Beyond

, 2020
As explained in the previous chapter, the Maastricht Treaty put in place a mild system of coordination in the area of economic policy, in particular fiscal policy.
J.-P. Keppenne
semanticscholar   +1 more source

The Dismal Record of the Stability and Growth Pact

2007
The seven years of experience since the launching of the European monetary union (EMU) have made clear that the Stability and Growth Pact (SGP) is not functioning as its designers hoped. Though not apparent during the first two years of existence of the Euro zone, thanks to the favourable growth conditions then prevailing everywhere, its defects and ...
Le Cacheux, Jacques   +1 more
openaire   +2 more sources

The Stability and Growth Pact: Essential and Unfeasible

SSRN Electronic Journal, 2009
The arguments for fiscal as well as monetary rules in a monetary union aiming at low inflation, the main weaknesses in the Stability and Growth Pact, and proposals for its reform are reviewed. Our own proposal for reforming the SGP is put forward: a requirement for eurozone Member States to enact entrenched legislation which would forbid budgets that ...
openaire   +1 more source

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