| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3677 |
| DP3677 On Income Inequality and Green Preferences | |
| Thomas I Renström; Laura Marsiliani | |
| 发表日期 | 2003-01-28 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | The Stability and Growth Pact is under fire. Problems have appeared in sticking to the rules. Proposals to reform the Pact or ditch it altogether abound. But is the Pact a flawed fiscal rule? Against established criteria for an ideal fiscal rule, its design and compliance mechanisms fare reasonably well. Where weaknesses are found, they tend to reflect trade-offs typical of supra-national arrangements. In the end, only a higher degree of fiscal integration would remove the inflexibility inherent in the recourse to predefined budgetary rules. This does not mean that the EU fiscal rules cannot be improved. Given the existing degree of political integration in EMU, however, internal adjustment rather than attempting to redesign the rules from scratch appears a more suitable way to bring about progress. Redefining the medium term budgetary target, improving transparency, tackling the pro-cyclical fiscal bias in good times, moving towards non-partisan application of the rules and improving transparency in the data can achieve both stronger discipline and higher flexibility. |
| 主题 | International Macroeconomics |
| 关键词 | Fiscal policy Fiscal rules Economic and monetary union Stability and growth pact |
| URL | https://cepr.org/publications/dp3677 |
| 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/532707 |
| 推荐引用方式 GB/T 7714 | Thomas I Renström,Laura Marsiliani. DP3677 On Income Inequality and Green Preferences. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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