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...

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Detalhes bibliográficos
Autor principal: Beetsma, Roel
Outros Autores: Debrun, Xavier
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2005.
Colecção:IMF Working Papers; Working Paper ; No. 2005/059
Acesso em linha:Full text available on IMF