G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4331
DP4331 Asymptotic Analysis of Large Auctions
Aner Sela; Arieh Gavious; Gadi Fibich
发表日期2004-03-23
出版年2004
语种英语
摘要The Stability and Growth Pact (SGP) contains a serious error: the way governments are expected to account for public investment. Correcting this error and applying, as article 104.3 of the EU Treaty allows, the current rules of the Pact to a measure of the budget where the treatment of investment expenditures is done properly would, over time, drive the debt-GDP ratio to the ratio of public capital to GDP. Excluding net public investment from the definition of the budget that is relevant for the Pact would also help in the short run, by inducing countries to shift the composition of domestic demand, rather than to reduce its level.
主题International Macroeconomics
关键词Emu Stability pact
URLhttps://cepr.org/publications/dp4331
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/533290
推荐引用方式
GB/T 7714
Aner Sela,Arieh Gavious,Gadi Fibich. DP4331 Asymptotic Analysis of Large Auctions. 2004.
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