Contenu de l'article

Titre European fiscal rules after the crisis
Auteur Jérôme Creel, Francesco Saraceno
Mir@bel Revue Journal of Innovation Economics
Numéro no 6, 2010 The Global Crisis and Financing Strategies
Page 95
Résumé anglais The main purpose of this note is to question the relevance of trying to strengthen a fiscal framework which has been ineffective over the years; doing so, we compare the SGP with a possible alternative, a golden rule of public finance. We take the classification proposed by Kopits and Symansky (1998) as a benchmark. Our assessment shows that a golden rule would be superior to the actual EU fiscal framework. A counterfactual experiment does not contradict this outcome.JEL codes: E61, H30, H60, H70
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