03532oam 22008654 450 991078841420332120230828232643.01-4623-3467-91-4527-8142-71-283-51141-X1-4519-0910-19786613823861(CKB)3360000000443381(EBL)3014329(SSID)ssj0000940738(PQKBManifestationID)11495546(PQKBTitleCode)TC0000940738(PQKBWorkID)10956077(PQKB)11732937(OCoLC)712989244(MiAaPQ)EBC3014329(IMF)WPIEE2006116(EXLCZ)99336000000044338120020129d2006 uf 0engur|n|---|||||txtccrEnforcement and the Stability and Growth Pact : How Fiscal Policy Did and Did Not Change Under Europe’s Fiscal Framework /Anthony AnnettWashington, D.C. :International Monetary Fund,2006.1 online resource (34 p.)IMF Working Papers"May 2006."1-4518-6376-4 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. THE POLITICAL ECONOMY OF FISCAL FRAMEWORKS""; ""III. DEVELOPMENTS UNDER THE FISCAL FRAMEWORK""; ""IV. EXPLAINING DIVERGENT COUNTRY EXPERIENCES: EMPIRICAL RESULTS""; ""V. CONCLUSION""; ""REFERENCES""The Stability and Growth Pact has been a success in numerous EU countries, especially in guiding them toward underlying fiscal balance ahead of population aging. These countries tend to be smaller, subject to greater macroeconomic volatility, and reliant on a form of fiscal governance that emphasizes targets and contracts. Most of the new members share these characteristics. For the countries less compatible with the Pact, domestic governance reforms that increase the reputational costs for noncompliance can be useful complements to the fiscal framework.IMF Working Papers; Working Paper ;No. 2006/116Fiscal policyEuropean Union countriesEconometric modelsMonetary unionsEuropean Union countriesEconometric modelsMacroeconomicsimfPublic FinanceimfProduction and Operations ManagementimfFiscal PolicyimfMacroeconomics: ProductionimfFiscal policyimfFiscal governanceimfFiscal stanceimfOutput gapimfFiscal rulesimfProductionimfEconomic theoryimfBelgiumimfFiscal policyEconometric models.Monetary unionsEconometric models.MacroeconomicsPublic FinanceProduction and Operations ManagementFiscal PolicyMacroeconomics: ProductionFiscal policyFiscal governanceFiscal stanceOutput gapFiscal rulesProductionEconomic theoryAnnett Anthony1546581International Monetary Fund.European Dept.DcWaIMFBOOK9910788414203321Enforcement and the Stability and Growth Pact3802278UNINA