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...
| Autor Principal: | |
|---|---|
| Outros autores: | |
| Formato: | Revista |
| Idioma: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2003.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2003/174 |
| Acceso en liña: | Full text available on IMF |