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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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2003.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2003/174 |
| 在线阅读: | Full text available on IMF |