Reconciling stability and growth : smart pacts and structural reforms /

Reconciling stability and growth : smart pacts and structural reforms /

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Bibliographic Details
Author / Creator:	Beetsma, Roel M. W. J., author.
Imprint:	Washington, D.C. : International Monetary Fund, ©2003.
Description:	1 online resource (33 pages)
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/03/174 IMF working paper ; WP/03/174.
Subject:	Economic stabilization -- European Union countries -- Econometric models. Structural adjustment (Economic policy) -- European Union countries -- Econometric models. Fiscal policy -- European Union countries -- Econometric models. Monetary unions -- European Union countries -- Econometric models. Economic history. Economic policy. Economic stabilization -- Econometric models. Fiscal policy -- Econometric models. Monetary unions -- Econometric models. Structural adjustment (Economic policy) -- Econometric models. European Union countries -- Economic policy. European Union countries -- Economic conditions. European Union countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497039

Hidden Bibliographic Details
Other authors / contributors:	Debrun, Xavier, author. International Monetary Fund. Research Department.
ISBN:	1282029312 9781282029316 1451904010 9781451904017 1462374077 9781462374076 1452757259 9781452757254 9786613796707 6613796700
Notes:	Includes bibliographical references (pages 31-33). 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 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	Annotation 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 welfare gains brought about by a pact depend on a trade-off between the reduction in the deficit bias and the induced reduction in the amount of structural reform. a pact becomes more attractive (smarter) if it takes into account the fiscal impact of structural reforms, in line with a recent proposal by the European Commission.
Other form:	Print version: Beetsma, Roel M.W.J. Reconciling stability and growth. Washington, D.C. : International Monetary Fund, ©2003
Standard no.:	10.5089/9781451904017.001