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Author : Roel M. W. J. Beetsma
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (9 download)
Download or read book An Analysis of the "stability Pact" written by Roel M. W. J. Beetsma and published by . This book was released on 1997 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Roel M. W. J. Beetsma
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (76 download)
Download or read book An Analysis of the Stability and Growth Pact written by Roel M. W. J. Beetsma and published by . This book was released on 1998 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : A. Brunila
Publisher : Springer
ISBN 13 : 0230629261
Total Pages : 446 pages
Book Rating : 4.2/5 (36 download)
Download or read book The Stability and Growth Pact written by A. Brunila and published by Springer. This book was released on 2001-09-20 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Stability and Growth Pact (SGP) encompasses the legislative text and political resolutions regulating fiscal policy and public finances in EMU. The contributions in this volume analyse the institutional, legal, theoretical and empirical aspects of the SGP, examine its development and evaluate its main implications. The authors include academic economists, who provide insightful analysis, and policy makers who have contributed to the shaping of the pact and have a direct responsibility for its implementation. This book is the definitive source of reference on the SGP for academics, policy makes and economists.
Author : Svetlana Blumenthal
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (118 download)
Download or read book The Stability and Growth Pact written by Svetlana Blumenthal and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Leila Simona Talani
Publisher : Edward Elgar Publishing
ISBN 13 : 1848441509
Total Pages : 213 pages
Book Rating : 4.8/5 (484 download)
Download or read book Between Growth and Stability written by Leila Simona Talani and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Very comprehensive and based on a detailed economic and political analysis, Between Growth and Stability is clearly a vital book for both students and seasoned economists. . . Thomas Bauwens, Bibliothèque Européenne Combining economic and political science perspectives, this timely and important book describes and analyses the circumstances and events leading to the demise and subsequent reform of the Stability and Growth Pact (SGP). Between Growth and Stability aims to find a solution to the dilemmas posed by fiscal policy coordination in the context of a single currency area, as well as contrasting the alternative heuristic frameworks and theoretical perspectives employed. It focuses particularly on the question of credibility, its definition and its meaning in the day-to-day workings of economic and monetary union. The book examines the actual performance of the SGP and proposes ways in which the integrity of European fiscal rule making might be improved in the future. This book will be essential reading for policymakers, politicians, members of European institutions and international organizations. The in-depth analysis will also be invaluable to scholars of international relations and economics, as well as undergraduate and postgraduate students in international relations, political science and economics.
Author : Svetlana Blyumental
Publisher :
ISBN 13 :
Total Pages : 140 pages
Book Rating : 4.:/5 (314 download)
Download or read book The Stability and Growth Pact written by Svetlana Blyumental and published by . This book was released on 2004 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Clément Reinvaldt
Publisher :
ISBN 13 :
Total Pages : 65 pages
Book Rating : 4.:/5 (953 download)
Download or read book The (re)reform of the Stability and Growth Pact written by Clément Reinvaldt and published by . This book was released on 2016 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (951 download)
Download or read book The Reform of the Stability and Growth Pact - a Historical Institutionalist Analysis written by and published by . This book was released on 2005 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Roel M. W. J. Beetsma
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.3/5 ( download)
Download or read book An Analysis of the "stability Pact" written by Roel M. W. J. Beetsma and published by . This book was released on 1997 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Martin Heipertz
Publisher : Cambridge University Press
ISBN 13 : 1139484354
Total Pages : 333 pages
Book Rating : 4.1/5 (394 download)
Download or read book Ruling Europe written by Martin Heipertz and published by Cambridge University Press. This book was released on 2010-03-18 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Stability and Growth Pact (SGP) is central to Economic and Monetary Union (EMU) in Europe. Initiated by Germany in 1995 and adopted in 1997, it regulates the fiscal policies of European Union Member States. Following numerous violations of its deficit reference value, the Pact's Excessive Deficit Procedure was suspended in 2003. The decision to suspend was brought before the European Court of Justice in 2004 and the SGP then underwent painstaking reform in 2005. After a period of economic prosperity and falling budgetary deficits, the global economic crisis put the system under renewed stress. Ruling Europe presents a comprehensive analysis of the political history of the SGP as the cornerstone of EMU. It examines the SGP through different theoretical lenses, offering a fascinating study of European integration and institutional design. One cannot understand the Euro without first understanding the SGP.
Author : Mr.Roel M. W. J. Beetsma
Publisher : International Monetary Fund
ISBN 13 : 145185871X
Total Pages : 34 pages
Book Rating : 4.4/5 (518 download)
Download or read book Reconciling Stability and Growth written by Mr.Roel M. W. J. Beetsma and published by International Monetary Fund. This book was released on 2003-09-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the decision of a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. The model shows that a pact may harm structural reforms, sacrificing future growth for present stability. The welfare gains brought about by a pact depend on a trade-off between the reduction in the deficit bias and the induced reduction in the amount of structural reform. A pact becomes more attractive (“smarter”) if it takes into account the fiscal impact of structural reforms, in line with a recent proposal by the European Commission.
Author : Jonas Fischer
Publisher :
ISBN 13 : 9789279038433
Total Pages : 61 pages
Book Rating : 4.0/5 (384 download)
Download or read book 101 Proposals to Reform the Stability and Growth Pact written by Jonas Fischer and published by . This book was released on 2006 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1.Introduction - 2.Sailing with the SGP: A historical overview - 3.The empirical analysis - 4.The reformed Stability and Growth Pact: eclectic or sectarian? - 5.Why so many proposals? - 6.Summary.
Author : Antonio Fatás
Publisher : Centre for Economic Policy Research
ISBN 13 : 9781898128779
Total Pages : 112 pages
Book Rating : 4.1/5 (287 download)
Download or read book Stability and Growth in Europe written by Antonio Fatás and published by Centre for Economic Policy Research. This book was released on 2003 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fiscal policy framework of the EMU is in a states of crisis. Since the start of EMU, fiscal conditions in some member states have slipped considerably beyond the limits set by the Maastricht Treaty and the Stability and Growth Pact. It is clear that the preventive arm of the Stability and Growth Pact has failed to preclude excessive deficits. There is no shortage of proposals to reform the current fiscal framework in this crisis situation. They range from calls for softening their implementation, and to proposals for closer coordination of national fiscal policies. None of these proposals offers a convincing solution to the problem at the heart of the current crisis: how to balance the need for effective long-run fiscal stability in EMU with the need for short-run flexibility of fiscal policy in the member states. After a detailed analysis of the virtues and defects of the current fiscal framework, this report presents a proposal for reform that addresses this issue. The authors argue that EMU should move away from rigid fiscal rules for annual deficits towards a more judgmental process of monitoring the sustainability of fiscal policies. This approach is guided by three principles: independence, transparency, and legitimacy. Together wit the ability to assess the fiscal situation and outlook of each euro-area member state, they are the keys to designing a framework that provides enough flexibility and, at the same time, can build the required credibility and political support. The authors propose the creation of a Sustainability Council for the EMU, and independent body with the sole statutory task of safeguarding the sustainability of public finances in the euro area. The Sustainability Council regularly and openly reports to the public and the European Parliament its assessment of the member states' fiscal policies, taking into account past performance, current perspectives and the future course of fiscal policies. Its mandate is the counterpart of the ECB's principal task of maintaining price stability. However, the Sustainability Council has no operative role in fiscal policy; it relies solely on the pressure of informed public opinion to discipline national governments. The use of the instruments of fiscal policy is entirely left to the national governments, and the Sustainability Council can only be conceived as a judge of national public finances.
Author : Erhard Busek
Publisher : Böhlau Verlag Wien
ISBN 13 : 9783205782667
Total Pages : 692 pages
Book Rating : 4.7/5 (826 download)
Download or read book From Stabilisation to Integration written by Erhard Busek and published by Böhlau Verlag Wien. This book was released on 2010 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Stability Pact for South Eastern Europe has recently handed over responsibility for regional co-operation in South Eastern Europe to its regionally owned successor organisation, the Regional Co-operation Council. To recapitulate the nine years of work of the Stability Pact in the field of democracy, economy and security, we decided to invite a wide range of authors and specialists to put together a comprehensive publication, that will provide an in depth analysis of the achievements of the Stability Pact and include political documents that shaped the developments of South Eastern Europe"--P. [4] of cover.
Author : Paul J.J. Welfens
Publisher : Springer Science & Business Media
ISBN 13 : 3642566073
Total Pages : 177 pages
Book Rating : 4.6/5 (425 download)
Download or read book Stabilizing and Integrating the Balkans written by Paul J.J. Welfens and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: The complex challenge of economic recovery and reconstruction in the Balkans is looked at in this book. The Balkan Stability Pact stands for a networked approach of international organizations to deal with these problems. This analysis critically looks into strategies, actors, and preliminary results. There are shortcomings and inconsistencies and there is some potential for transatlantic conflicts over the issue of burden sharing. There is also a risk of EU imperial overstretch facing eastern and south-eastern EU enlargement.
Author : Luc Eyraud
Publisher : International Monetary Fund
ISBN 13 : 1484350936
Total Pages : 132 pages
Book Rating : 4.4/5 (843 download)
Download or read book Second-Generation Fiscal Rules written by Luc Eyraud and published by International Monetary Fund. This book was released on 2018-04-13 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal rule frameworks have evolved significantly in response to the global financial crisis. Many countries have reformed their fiscal rules or introduced new ones with a view to enhancing the credibility of fiscal policy and providing a medium-term anchor. Enforcement and monitoring mechanisms have also been upgraded. However, these innovations have made the systems of rules more complicated to operate, while compliance has not improved. The SDN takes stock of past experiences, reviews recent reforms, and presents new research on the effectiveness of rules. It also proposes guiding principles for future reforms to strike a better balance between simplicity, flexibility, and enforceability. Read the blog
Author : Kristina Petrova
Publisher :
ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.:/5 (13 download)
Download or read book Stability and Growth Pact Reform and Public Expenditure Structure in the European Union Member States written by Kristina Petrova and published by . This book was released on 2018 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the problems of convergent and divergent tendencies in the functional allocation and structure of public expenditure in the EU Member States and the effect of the Stability and Growth Pact reform of year 2011 on them. The study is based on sigma convergence analysis. The dispersion between the countries is measured via the coefficient of variation. The dispersion is calculated as an average value for each of the two periods under examination - before and after the reform of the Stability and Growth Pact. The empirical results show that the reform leads to greater convergence between the Member States in terms of the structure of public expenditure.
