出版社：Servicio central de publicacion. Gobierno Vasco
摘要：In spite of the recent reform of the Stability and Growth Pact (SGP) and the
fact that some of the questions raised by those who criticised the initial
framework for fiscal discipline may have been considered, the discussion on the
implementation of binding fiscal rules in the European Monetary Union is still a
matter of important controversy in both academic and political fields. The
objective of this paper is to evaluate the changes contained in the reformed SGP
by taking into consideration the properties for “ideal” fiscal rules put forward
by Kopits and Symansky. Our analysis points towards a clear increase in
flexibility together with the probable emergence of new enforcement problems and
no advances in terms of the coordination of more effective fiscal policies. In
this context, we discuss the need for new improvements within the European
framework for the definition and implementation of national fiscal policies.
