EMU's Fiscal Rules and Economic Stabilization

Christophe SCHALCK

This paper proposes a quantitative comparison of EMU's different fiscal rules, i.e., the
stability and growth Pact, the structural deficit rule and the golden rule. From comparing the
economic stabilizing effects of each rule, it concludes that the Pact is not the perfect solution.

Publication type: 
Scientific Article
Date de parution: 
Economics Bulletin