EMU's Fiscal Rules and Economic Stabilization
This paper proposes a quantitative comparison of EMU's different fiscal rules, i.e., the stability and growth Pact, the structural deficit rule and the golden rule. From comparing the economic stabilizing effects of each rule, it concludes that the Pact is not the perfect solution.
Volume (Year): 5 (2006)
Issue (Month): 4 ()
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2003-04, Observatoire Francais des Conjonctures Economiques (OFCE).
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- Leith, Campbell & Wren-Lewis, Simon, 2000. "Interactions between Monetary and Fiscal Policy Rules," Economic Journal, Royal Economic Society, vol. 110(462), pages C93-108, March.
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