| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4331 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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