1# Library to Find Best eBook for Read
Author :
Release : 2006
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis The 2005 Reform of the Stability and Growth Pact by :
Download or read book The 2005 Reform of the Stability and Growth Pact written by . This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Fabian Amtenbrink
Release : 2011
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Reforming the Stability and Growth Pact by : Fabian Amtenbrink
Download or read book Reforming the Stability and Growth Pact written by Fabian Amtenbrink. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: In this multidisciplinary contribution the authors argue both from a normative and economic perspective that the 2005 reform of the European Stability and Growth Pact, which is limited to an amendment of secondary Community law, cannot remedy the basic shortcomings of the rules on economic coordination in EMU in place. Although the reform results in some stricter obligations for the Member States and a sharpening of the multilateral surveillance procedure, a more flexible approach in dealing with excessive deficits in the Member States is introduced. As some of the new Member States, are likely to join the ranks of some of the old Member States, especially the large ones, in frequently running excessive deficits, lack of enforcement is aggravated.
Author : Martin Heipertz
Release : 2010-03-18
Genre : Political Science
Kind : eBook
Book Rating : 354/5 ( reviews)
Book Synopsis Ruling Europe by : Martin Heipertz
Download or read book Ruling Europe written by Martin Heipertz. This book was released on 2010-03-18. Available in PDF, EPUB and Kindle. Book excerpt: The Stability and Growth Pact (SGP) is central to Economic and Monetary Union (EMU) in Europe. Initiated by Germany in 1995 and adopted in 1997, it regulates the fiscal policies of European Union Member States. Following numerous violations of its deficit reference value, the Pact's Excessive Deficit Procedure was suspended in 2003. The decision to suspend was brought before the European Court of Justice in 2004 and the SGP then underwent painstaking reform in 2005. After a period of economic prosperity and falling budgetary deficits, the global economic crisis put the system under renewed stress. Ruling Europe presents a comprehensive analysis of the political history of the SGP as the cornerstone of EMU. It examines the SGP through different theoretical lenses, offering a fascinating study of European integration and institutional design. One cannot understand the Euro without first understanding the SGP.
Author : Lars Jonung
Release : 2010
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis 101 Proposals to Reform the Stability and Growth Pact by : Lars Jonung
Download or read book 101 Proposals to Reform the Stability and Growth Pact written by Lars Jonung. This book was released on 2010. Available in PDF, EPUB and Kindle. Book excerpt: The failure of key EU Member States to respect the provisions of the Stability and Growth Pact (SGP) a few years after its inception triggered a heated debate on how to reform the framework of fis-cal policy coordination in the Economic and Monetary Union (EMU). This paper analyzes 101 reform proposals presented by professional academic and non-academic economists prior to March 2005, when the Council of the European Union adopted a revised version of the SGP. Roughly four different schools of thought concerning the reform of the SGP are identified. In line with the main findings of the political economy literature, all four schools of thought share the view that in the absence of specific rules fiscal policy would lead to excessive deficits and hence af-fect the conduct of the common monetary policy. However, beyond this common denominator, there is no consensus on how best to co-ordinate fiscal policy. We present several explanations for the multitude of proposals, the most important being the present lack of a consensus in the economics profession concerning the role of fiscal policy. Econo-mists hold diverging views on the goals, instruments, efficiency and institutions for fiscal policy-making. This state of affairs is in sharp contrast to the case of monetary policy. Also, the euro area is the first case where monetary policy-making is centralized while fiscal policy-making is decentralized to national governments.
Author : Mr.Marcos Poplawski-Ribeiro
Release : 2011-03-01
Genre : Business & Economics
Kind : eBook
Book Rating : 944/5 ( reviews)
Book Synopsis Fiscal Expectations Under the Stability and Growth Pact by : Mr.Marcos Poplawski-Ribeiro
Download or read book Fiscal Expectations Under the Stability and Growth Pact written by Mr.Marcos Poplawski-Ribeiro. This book was released on 2011-03-01. Available in PDF, EPUB and Kindle. Book excerpt: The paper uses survey data to analyze whether financial market expectations on government budget deficits changed in France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact (SGP). Our findings indicate that accuracy of financial expert deficit forecasts increased in France. Convergence between the European Commission's and market experts’ deficit forecasts also increased in France, Italy, and the United Kingdom, particularly during the period after SGP’s reform in 2005. Yet, convergence between markets’ forecasts and those of the French, German, and Italian national fiscal authorities seems not to have increased significantly during the SGP.
