The Stability and Growth Pact: Stability without growthReportar como inadecuado




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Abstract : With the launch of economic and monetary union EMU, a new frame-work for the conduct of economic policies in Europe has been implemented. The ECB-s independence, the Stability and Growth Pact SGP and the focus on structural reforms show that-liberal-views have won over -Keynesian-ones.The weaknesses of this framework soon emerged, however. The euro area remains a low growth area. Rigid rules lacking economic rationale have induced persistent tensions in Europe.





Autor: Catherine Mathieu - Henri Sterdyniak -

Fuente: https://hal.archives-ouvertes.fr/



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