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The Stability and Growth Pact - crisis and reform

Author

Listed:
  • Schuknecht, Ludger
  • Moutot, Philippe
  • Rother, Philipp
  • Stark, Jürgen

Abstract

The sovereign debt crisis in the euro area is a symptom of policy failures and deficiencies in JEL Classification: E52, E58

Suggested Citation

  • Schuknecht, Ludger & Moutot, Philippe & Rother, Philipp & Stark, Jürgen, 2011. "The Stability and Growth Pact - crisis and reform," Occasional Paper Series 129, European Central Bank.
  • Handle: RePEc:ecb:ecbops:2011129
    Note: 175489
    as

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    File URL: https://www.ecb.europa.eu//pub/pdf/scpops/ecbocp129.pdf
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    References listed on IDEAS

    as
    1. Ludger Schuknecht, 2005. "Stability and Growth Pact: issues and lessons from political economy," International Economics and Economic Policy, Springer, vol. 2(1), pages 65-89, June.
    2. Juergen Stark, 2001. "Genesis of a Pact," Palgrave Macmillan Books, in: Anne Brunila & Marco Buti & Daniele Franco (ed.), The Stability and Growth Pact, chapter 4, pages 77-105, Palgrave Macmillan.
    3. Hauptmeier, Sebastian & Rother, Philipp & Holm-Hadulla, Fédéric, 2010. "The impact of numerical expenditure rules on budgetary discipline over the cycle," Working Paper Series 1169, European Central Bank.
    4. Trabandt, Mathias & Attinasi, Maria Grazia & Stark, Jürgen & Lalouette, Laure & Nickel, Christiane & Valenta, Vilém & van Riet, Ad & Leiner-Killinger, Nadine & Afonso, António & Warmedinger, Thomas & , 2010. "Euro area fiscal policies and the crisis," Occasional Paper Series 109, European Central Bank.
    5. F. Holm-Hadulla & S. Hauptmeier & P. Rother, 2012. "The impact of expenditure rules on budgetary discipline over the cycle," Applied Economics, Taylor & Francis Journals, vol. 44(25), pages 3287-3296, September.
    6. Hauptmeier, Sebastian & Sanchez-Fuentes, A. Jesus & Schuknecht, Ludger, 2011. "Towards expenditure rules and fiscal sanity in the euro area," Journal of Policy Modeling, Elsevier, vol. 33(4), pages 597-617, July.
    7. Dorrucci, Ettore & McKay, Julie, 2011. "The international monetary system after the financial crisis," Occasional Paper Series 123, European Central Bank.
    8. Dorrucci, Ettore & McKay, Julie, 2011. "The international monetary system after the financial crisis," Occasional Paper Series 123, European Central Bank.
    9. Lars Jonung & Eoin Drea, 2009. "The euro: It can't happen, It's a bad idea, It won't last. US economists on the EMU, 1989-2002," European Economy - Economic Papers 2008 - 2015 395, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
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    More about this item

    Keywords

    EU institutional reform; fiscal deficits; fiscal rules; public debt; Stability and Growth Pact;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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