Hidden Bibliographic Details
| Other authors / contributors: | Decressin, Jörg, author.
Deppler, Michael Charles, 1943- author.
International Monetary Fund. European Department.
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| ISBN: | 9781451955286
1451955286
9781452719061
1452719063
9781451975482
1451975481
1462380484
9781462380480
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| Notes: | "February 2005."
Includes bibliographical references (pages 25-27).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Annotation A rules-based fiscal framework, such as the EUs Stability and Growth Pact (SGP), can be an important bulwark against short-sighted policies. Although policies have improved following the SGPs adoption, shortcomings remain. These, however, are rooted in the policies rather than the rules, where few changes seem necessary. Specifically, the Excessive Deficit Procedure needs a stronger focus on policies rather than outcomes, while staying operationally simple and transparent. Furthermore, reforms are needed to foster time-consistent national policies, budgetary transparency, and ownership of the Pact. Accordingly, parliaments should debate national Stability Programs and national fiscal councils should review these programs for parliaments.
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| Other form: | Print version: Annett, Anthony. Reforming the stability and growth pact. [Washington, D.C.] : International Monetary Fund, European Dept., ©2005
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| Standard no.: | 10.5089/9781451955286.003
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| Publisher's no.: | MWT11390443
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