Stability and Growth Pact

The Stability and Growth Pact (SGP) encompasses the legislative text and political resolutions regulating fiscal policy and public finances in EMU. The contributions in this volume analyse the institutional, legal, theoretical and empirical aspects of the SGP, examine its development and evaluate its main implications. The authors include academic economists, who provide insightful analysis, and policy makers who have contributed to the shaping of the pact and have a direct responsibility for its implementation. This book is the definitive source of reference on the SGP for academics, policy makes and economists.

MICHAEL J. ARTIS European University InstituteFABRIZIO BALASSONE Research Department, Bank of ItalyRAY BARRELL National Institute for Economic and Social Research ROEL BEETSMA University of Amsterdam and CEPRANTONIO J. CABRAL Directorate-General for Economic and Financial Affairs, European CommissionMATTHEW B. CANZONIERI Georgetown UniversityALESSANDRA CASELLA Columbia UniversityDECLAN COSTELLO Directorate-General for Economic and Financial Affairs, European CommissionTHOMAS DALSGAARD Organisation for Economic Co-operation and DevelopmentBEHZAD T. DIBA Georgetown UniversityKAREN DURY National Institute for Economic and Social ResearchJONAS FISCHER Directorate-General for Economic and Financial Affairs, European CommissionGABRIELE GIUDICE Directorate-General for Economic and Financial Affairs, European CommissionPAUL HIEBERT European Central BankSIXTEN KORKMAN Council of the European UnionALESSANDRO MISSALE University of FlorenceJAVIER PÉREZ-GARCIA European Central BankMASSIMO ROSTAGNO European Central BankALAIN DE SERRES Organisation for Economic Co-operation and DevelopmentJUERGEN STARK BundesbankMATTI VIRÉN University of Turku and Bank of Finland