The revised 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 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.
... 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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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 ...
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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 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 (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
... 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 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.
... 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 ...
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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 ...
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The Stability and Growth Pact - crisis and reform
... the Stability and Growth Pact in a rigorous manner, the fi rst test was ...the Pact in the autumn of 2003, France and Germany, among others, blocked its strict implementation by colluding in ...
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Stability and Growth Pact An Overview of the Rules
... up to five European structural and investment funds in the event of failure or repeated failure to take effective action under the SGP. Report on the application of the current rules As required by the regulations ...
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Explaining Instability in the Stability and Growth Pact
... economic growth trajectories of Member ...the Pact to date (1998 through 2015) the Commission has not recommended fines and the Council has not imposed ...
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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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How reliable are the statistics for the Stability and Growth Pact?
... be revised, it would be useful for it to make explicit what the uncertainty margins surrounding the headline figures are each time important steps in the SGP are ...be revised to above the reference value ...
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Pension Systems, Ageing and the Stability and Growth Pact
... In anticipation of the rising ageing costs and to more evenly share the costs of old-age pension provision among the generations, countries have started to introduce both systemic and parametric reforms in their pension ...
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Pension Systems, Ageing and the Stability and Growth Pact
... spending growth, and move on to setting proper targets for the debt and deficit only on the basis of reformed ...wage growth (an example is Poland where the GDP share of pension expenditure is projected to ...
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The Impact of the Stability and Growth Pact on Real Economic
... the Stability and Growth ...output growth with that of increase in current public expenditure but finds a positive correlation of growth with the rate of increase in public capital spending, ...
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Should Europe Get Rid of the Stability and Growth Pact?
... More and more authors and policymakers are arising the negative impacts of the European deficit rule on the countries and their ability to respond an asymmetric economic shock. Some others are asking for a redefinition ...
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