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...

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Dettagli Bibliografici
Autore principale: Beetsma, Roel
Altri autori: Debrun, Xavier
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2003.
Serie:IMF Working Papers; Working Paper ; No. 2003/174
Accesso online:Full text available on IMF