| 来源类型 | Report |
| 规范类型 | 报告 |
| MEI 13 Stability and Growth in Europe: Towards a Better Pact | |
| Antonio Fatas; Andrew Hughes Hallett; Anne Sibert; Rolf Strauch; Jurgen von Hagen | |
| 发表日期 | 2003-12-04 |
| 出处 | Monitoring European Integration |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | The fiscal policy framework of EMU is in a state of crisis. Since the start of EMU, fiscal conditions in some member states have slipped considerably beyond the limits set by the Maastricht Treaty and the Stability and Growth Pact. It is clear that the preventive arm of the Stability and Growth Pact has failed to preclude excessive deficits. There is no shortage of proposals to reform the current fiscal framework in this crisis situation. None of these proposals offers a convincing solution to the problem at the heart of the current crisis: How to balance the need for effective long-run fiscal stability in EMU with the need for short-run flexibility of fiscal policy in the member states. The authors propose the creation of a Sustainability Council for EMU, an independent body with the sole statutory task of safeguarding the sustainability of public finances in the euro area, regularly and openly reporting to the public and the European Parliament its assessment of the member states� fiscal policies. Its mandate is the counterpart of the ECB�s principal task of maintaining price stability. However, the Sustainability Council has no operative role in fiscal policy; it relies solely on the pressure of informed public opinion to discipline national governments. The use of the instruments of fiscal policy is entirely left to the national governments, and the Sustainability Council can only be conceived as a judge of national public finances. |
| URL | https://cepr.org/publications/books-and-reports/mei-13-stability-and-growth-europe-towards-better-pact |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529084 |
| 推荐引用方式 GB/T 7714 | Antonio Fatas,Andrew Hughes Hallett,Anne Sibert,et al. MEI 13 Stability and Growth in Europe: Towards a Better Pact. 2003. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| 70208-mei_13_stabili（594KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| Book - 45.jpeg（6KB） | 智库出版物 | 限制开放 | CC BY-NC-SA |  浏览 | ||
| 文件名： | Book - 45.jpeg |
| 格式： | JPEG |
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