The Stability and Growth Pact: Stability without growth? - Sciences Po Access content directly
Reports Year :

The Stability and Growth Pact: Stability without growth?

Abstract

With the launch of economic and monetary union (EMU), a new frame-work for the conduct of economic policies in Europe has been implemented. The ECB's independence, the Stability and Growth Pact (SGP) and the focus on structural reforms show that'liberal'views have won over 'Keynesian'ones.The weaknesses of this framework soon emerged, however. The euro area remains a low growth area. Rigid rules lacking economic rationale have induced persistent tensions in Europe.
Fichier principal
Vignette du fichier
structural-reforms-en-2.pdf (87.98 Ko) Télécharger le fichier
Origin : Files produced by the author(s)
Loading...

Dates and versions

hal-00972878 , version 1 (22-05-2014)

Identifiers

  • HAL Id : hal-00972878 , version 1
  • SCIENCESPO : 2441/5468

Cite

Catherine Mathieu, Henri Sterdyniak. The Stability and Growth Pact: Stability without growth?. 2007. ⟨hal-00972878⟩
114 View
170 Download

Share

Gmail Facebook Twitter LinkedIn More