Reconciling Stability and Growth : Smart Pacts and Structural Reforms /
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 w...
| Κύριος συγγραφέας: | |
|---|---|
| Άλλοι συγγραφείς: | |
| Μορφή: | Επιστημονικό περιοδικό |
| Γλώσσα: | English |
| Έκδοση: |
Washington, D.C. :
International Monetary Fund,
2003.
|
| Σειρά: | IMF Working Papers; Working Paper ;
No. 2003/174 |
| Διαθέσιμο Online: | Full text available on IMF |