Enforcement and the Stability and Growth Pact : : How Fiscal Policy Did and Did Not Change Under Europe’s Fiscal Framework / / Anthony Annett

• Autore: Annett Anthony
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Descrizione fisica: 1 online resource (34 p.)
• Soggetto topico: Fiscal policy - European Union countries - Econometric models; Monetary unions - European Union countries - Econometric models; Macroeconomics; Public Finance; Production and Operations Management; Fiscal Policy; Macroeconomics: Production; Fiscal policy; Fiscal governance; Fiscal stance; Output gap; Fiscal rules; Production; Economic theory
• Soggetto geografico: Belgium
• Note generali: "May 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""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""
• Sommario/riassunto: 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.
• Titolo autorizzato: Enforcement and the Stability and Growth Pact
• ISBN: 1-4623-3467-9; 1-4527-8142-7; 1-283-51141-X; 1-4519-0910-1; 9786613823861
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788414203321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/116