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Relaunch the growth and stability pact

The Future of the European Growth and Stability Pact

The Future of the European Growth and Stability Pact

... the Pact, but it was accepted that the assessment of the fulfilment of the balanced budget requirement would take into account “country-specific ...the Pact and its implementation procedures, as recently ...

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Reform of the stability and growth pact.

Reform of the stability and growth pact.

... The academic community is far from reaching an agreement on the effects of fiscal policy in a monetary union, and on the need to restrain for example by means of a stability pact. The theoretical debate ...

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Pension Systems, Ageing and the Stability and Growth Pact

Pension Systems, Ageing and the Stability and Growth Pact

... price stability as the primary objective of the ...so-called Stability Pact that would lead to automatic financial punishments for countries with excessive ...and Growth Pact" to ...

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The Impact of the Stability and Growth Pact on Real Economic

The Impact of the Stability and Growth Pact on Real Economic

... All these considerations led to the creation of a fixed fiscal rule embodied in the Stability Pact, which prescribes that the medium-term budget must be “close to balance or in surplus”. Countries can stray ...

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Should Europe Get Rid of the Stability and Growth Pact?

Should Europe Get Rid of the Stability and Growth Pact?

... of growth. Calling for a budget stability would be ..."The Stability and Growth Pact", insisting on the need for a fiscal rule but not at the expenses of ...French growth ...

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The Stability and Growth Pact as an Impediment to Privatizing Social Security

The Stability and Growth Pact as an Impediment to Privatizing Social Security

... the Stability and Growth Pact is problematic. The Pact now emphasizes the budget de…cit, but neglects the longer term generational ...the Stability Pact as currently formulated, ...

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Reform of the Stability and Growth Pact: Reducing or Increasing the Nuisance

Reform of the Stability and Growth Pact: Reducing or Increasing the Nuisance

... economic growth" both when it identifies an ‘excessive deficit’ and when it emits the recommendations and deadlines to correct ...The Stability Pact is rooted in the idea that the interdependence ...

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The Euro and the Stability Pact

The Euro and the Stability Pact

... The Stability and Growth Pact was an attempt to reconcile that ...the Stability Pact's constraint on budget deficits and how they sought to undermine it by changing the rules ...the ...

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The EMU Stability and Growth Pact: Is it dead? If so, does it matter?

The EMU Stability and Growth Pact: Is it dead? If so, does it matter?

... the Growth and Stability ...the Stability and Growth ...the Pact, therefore, the difficulty to- day is not merely to strike a “reasonable” balance between two legitimate ...the ...

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The EMU Stability and Growth Pact: Is it dead? If so, does it matter?

The EMU Stability and Growth Pact: Is it dead? If so, does it matter?

... the Growth and Stability ...the Stability and Growth ...the Pact, therefore, the difficulty to- day is not merely to strike a “reasonable” balance between two legitimate ...the ...

7

The End of the Stability and Growth Pact?

The End of the Stability and Growth Pact?

... the critical level of the deficit, especially if they have not been able (or willing) to reduce the deficit in the upward phase of the cycle. The present paper analyses these issues. The remainder of the paper is ...

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The end of stability and growth pact?

The end of stability and growth pact?

... the critical level of the deficit, especially if they have not been able (or willing) to reduce the deficit in the upward phase of the cycle. The present paper analyses these issues. The remainder of the paper is ...

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Reform of the Stability and Growth Pact

Reform of the Stability and Growth Pact

... The modified Pact contains several situations in which exceeding the budgetary limit will be tolerated. These are structural reforms and “other relevant factors” including ex- penditures for research and ...

11

Italy and the Stability and Growth Pact

Italy and the Stability and Growth Pact

... countries gathered under the acronym PIGS (i.e. Portugal, Ireland Greece and Spain). The television has produced pictures of people in Greece raging, protesting against their government and the acute reforms necessary to ...

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The Stability and Growth Pact - Essential and Unfeasible

The Stability and Growth Pact - Essential and Unfeasible

... the pact A number of proposals for the re-engineering of the Pact have been ...high growth rates (and therefore much higher future revenues) can afford much higher deficits in the ...

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The Stability and Growth Pact Time to Rebuild!

The Stability and Growth Pact Time to Rebuild!

... the Stability and Growth Pact (SGP) were not ignited by the challenge to restructure but mostly guided by cautioness, or put differently the new architecture- The Stability and Growth ...

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Discipline and Flexibility - The Stability and Growth Pact

Discipline and Flexibility - The Stability and Growth Pact

... several growth- enhancing structural reforms implementing the country specific recommendations (CSRs) issued by the Council on July 8 th ...to growth and the sustainability of public finances were a ...

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The stability and growth pact : an eventful history

The stability and growth pact : an eventful history

... the growth-promoting character of government ...potential growth, but that the same does not apply to expenditure on education and capital transfers or tax reductions for private-sector investments, for ...

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Stability (and Growth) Pact and Monetary Policy.

Stability (and Growth) Pact and Monetary Policy.

... The Pact was designed assuming that governments would accumulate surpluses in good times to allow the operation of automatic stabilizers in bad times 2 ...when growth later resumed in ...depressed ...

5

The reform and implementation of the Stability and Growth Pact

The reform and implementation of the Stability and Growth Pact

... In addition, the revised Pact should allow more flexibility in adapting adjustment and reform requirements to the macroeconomic situation of each country. This would support fiscal policies that are not only ...

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