How Successful Has the Stability and Growth Pact Been? An Empirical Analysis
نویسندگان
چکیده
منابع مشابه
How Successful Has the Stability and Growth Pact Been? An Empirical Analysis
Prior to EMU, fiscal policy within the EU was disciplined by the threat of exclusion of the single currency; post-EMU, discipline has been exerted through the provisions of the Stability and Growth Pact. In this paper, we contrast the discipline induced by the two separate regimes on three specific criteria: the probability of violating the 3% deficit limit, the probability of commencing a budg...
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the present thesis is a study of postmodern historical novel with respect to the voice of women. according to postmodern historiography,the established institution of history is one of the other manifestations of patriarchys power which has silenced women. the study analyzes angela carters nights at the circus as a postmodern historical novel which makes its female characters transgress the pat...
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متن کاملThe Stability and Growth Pact: Problems and a Possible Solution
1. Executive Summary In this note, I describe why we need a European scal framework. I specify what it means for a governments scal policy to be sustainable. I argue that while the current European scal framework is likely to promote sustainable scal policies, if it is enforced, it is also apt to force countries to follow suboptimal scal policies. I explain why there is no scal rule that...
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ژورنال
عنوان ژورنال: Vierteljahrshefte zur Wirtschaftsforschung
سال: 2004
ISSN: 0340-1707,1861-1559
DOI: 10.3790/vjh.73.3.392