Economics, Econometrics and Finance
8 years ago

Europe's Fiscal Policy Overhaul Sparks Controversy Over Stability and Growth Pact

Revista Econômica
Fiscal policy in Europe and the Stability and Growth Pact
Francesco Farina, Roberto Ricciuti

Paper Summary

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The article examines fiscal policy in Europe and the Stability and Growth Pact. It analyzes the impact of fiscal rules on government spending and debt levels in European countries. The researchers found that the Stability and Growth Pact has influenced fiscal policy decisions, leading to reduced deficits and debt levels in some countries.