Implementing the Stability and Growth Pact : Enforcement and Procedural Flexibility

Enforcement and Procedural Flexibility

Implementing the Stability and Growth Pact : Enforcement and Procedural Flexibility
The paper analyzes some key policy trade-offs involved in the implementation of the Stability and Growth Pact. Greater "procedural" flexibility in the Pact's implementation may improve welfare. Procedural flexibility designates the enforcer's room to apply judgment on underlying policies and to set a consolidation path that does not discourage... READ MORE...

Publication date: March 2005
ISBN 9781451860788
$15.00

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