IDEAS home Printed from https://ideas.repec.org/a/blg/reveco/vsupplementy2012i1p822-829.html
   My bibliography  Save this article

Fiscal Discipline In The Piigs Countries In The Light Of The New Fiscal Treaty. Would It Have Been Different?

Author

Listed:
  • TATOMIR Cristina Flavia
  • ALEXE Ileana

Abstract

In this paper we analyze the fiscal discipline in the PIIGS countries during the last three decades using the Maastricht convergence criteria. We also explore the effects of the new rule established by the recent Fiscal Treaty on the fiscal positions of these countries. The analysis shows significant budgetary adjustments in the post-Maastricht period in all the PIIGS countries. By contrast, the public debts have been increasing even after the introduction of the 60% of GDP ceilling, except for Ireland. The 0.5% of GDP limit for the structural deficit would have led to significantly better fiscal positions if the rule would have been introduced ten years ago.

Suggested Citation

  • TATOMIR Cristina Flavia & ALEXE Ileana, 2012. "Fiscal Discipline In The Piigs Countries In The Light Of The New Fiscal Treaty. Would It Have Been Different?," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(1), pages 822-829.
    • Handle: RePEc:blg:reveco:v:supplement:y:2012:i:1:p:822-829
    as

    Download full text from publisher

    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/suplimente/Volume1-2012.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:blg:reveco:v:supplement:y:2012:i:1:p:822-829. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Eduard Alexandru Stoica (email available below). General contact details of provider: https://edirc.repec.org/data/feulbro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.