Implementing the stability and growth pact : enforcement and procedural flexibility /
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| Author / Creator: | Beetsma, Roel M. W. J., author. |
|---|---|
| Imprint: | [Washington, D.C.] : International Monetary Fund, ©2005. |
| Description: | 1 online resource (34 pages) |
| Language: | English |
| Series: | IMF working paper, 2227-8885 ; WP/05/59 IMF working paper ; WP/05/59. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12496132 |
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| 100 | 1 | |a Beetsma, Roel M. W. J., |e author. |0 http://id.loc.gov/authorities/names/nr98000003 | |
| 245 | 1 | 0 | |a Implementing the stability and growth pact : |b enforcement and procedural flexibility / |c prepared by Roel M.W.J. Beetsma and Xavier Debrun. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2005. | ||
| 300 | |a 1 online resource (34 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
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| 490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/05/59 | |
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| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
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| 588 | 0 | |a Print version record. | |
| 520 | 3 | |a 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 policies and to set a consolidation path that does not discourage high-quality measures. Budgetary opaqueness may hinder the qualitative assessment of fiscal policy; therefore, better monitoring and greater transparency would increase the benefits from procedural flexibility. Overall, a simple deficit rule with conditional procedural flexibility can contain excessive deficits, lower unproductive spending, and increase high-quality outlays. | |
| 505 | 0 | |a Contents -- I. INTRODUCTION -- II. THE MODEL -- III. OPTIMAL PACT UNDER BUDGETARY TRANSPARENCY AND NO PORK-BARREL -- IV. LIMITED AMENDMENTS TO SUBOPTIMAL FISCAL PACTS -- V. BUDGETARY OPAQUENESS -- VI. CONCLUSIONS -- References | |
| 546 | |a English. | ||
| 650 | 0 | |a Fiscal policy |z European Union countries |x Econometric models. | |
| 650 | 0 | |a Monetary policy |z European Union countries |x Econometric models. | |
| 650 | 0 | |a Budget deficits |z European Union countries |x Econometric models. | |
| 650 | 0 | |a Structural adjustment (Economic policy) |z European Union countries |x Econometric models. | |
| 650 | 6 | |a Politique fiscale |z Pays de l'Union européenne |x Modèles économétriques. | |
| 650 | 6 | |a Politique monétaire |z Pays de l'Union européenne |x Modèles économétriques. | |
| 650 | 6 | |a Déficit budgétaire |z Pays de l'Union européenne |x Modèles économétriques. | |
| 650 | 6 | |a Ajustement structurel (Économie) |z Pays de l'Union européenne |x Modèles économétriques. | |
| 650 | 7 | |a Budget deficits |x Econometric models. |2 fast |0 (OCoLC)fst00840406 | |
| 650 | 7 | |a Fiscal policy |x Econometric models. |2 fast |0 (OCoLC)fst00925810 | |
| 650 | 7 | |a Monetary policy |x Econometric models. |2 fast |0 (OCoLC)fst01025234 | |
| 650 | 7 | |a Structural adjustment (Economic policy) |x Econometric models. |2 fast |0 (OCoLC)fst01135590 | |
| 651 | 7 | |a European Union countries. |2 fast |0 (OCoLC)fst01269470 | |
| 655 | 4 | |a Electronic books. | |
| 655 | 0 | |a Electronic books. | |
| 700 | 1 | |a Debrun, Xavier, |e author. |0 http://id.loc.gov/authorities/names/nr2001048691 | |
| 710 | 2 | |a International Monetary Fund. |b Fiscal Affairs Department, |e issuing body. |0 http://id.loc.gov/authorities/names/n81027435 | |
| 776 | 0 | 8 | |i Print version: |a Beetsma, Roel M.W.J. |t Implementing the stability and growth pact. |d [Washington, D.C.] : International Monetary Fund, ©2005 |w (OCoLC)58799564 |
| 830 | 0 | |a IMF working paper ; |v WP/05/59. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2005/059/001.2005.issue-059-en.xml |y INTERNATIONAL MONETARY FUND |
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| 928 | |t Library of Congress classification |a HG3881.5.I58W67 no.05/59 |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2005/059/001.2005.issue-059-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12140153 | ||