Reforming Europe’s Stability and Growth Pact: Lessons from the American Experience in Macrobudgeting
(2007) Reforming Europe’s Stability and Growth Pact: Lessons from the American Experience in Macrobudgeting. In European Union Studies Association (EUSA) > Biennial Conference > 2007 (10th), May 17-19, 2007, pages 42, Montreal, Canada.
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Abstract
Proposed and actual reforms to the European Union (EU) Stability and Growth Pact commonly retain the Pact’s deficit and debt targets. The American experience with similar macrobudgetary rules suggests that deficit targets may actually act as an incentive for political leaders to engage in noncompliant behavior. If targets were revised to budgetary objectives that politicians could achieve more easily and claim credit for accomplishing, compliance with the new macrobudgetary rules might be increased.
| Item Type: | Conference Paper |
|---|---|
| Public Domain: | No |
| Refereed: | No |
| Status: | Unpublished |
| Authors, Individual: | Savage, James D., and Verdun, Amy. |
| Title: | Reforming Europe’s Stability and Growth Pact: Lessons from the American Experience in Macrobudgeting |
| Language: | English |
| Conference: | European Union Studies Association (EUSA) > Biennial Conference > 2007 (10th), May 17-19, 2007 |
| Pages: | 42 |
| Year: | 2007 |
| Subjects: | EU policies and themes > Policies & related activities > budgets & financing EU policies and themes > External relations > EU-US EU policies and themes > Policies & related activities > economic and financial affairs > Stability and Growth Pact |
| Keywords: | Balanced Budgets; Excessive Deficit Procedure; Public Finance Stability and Growth Pact; United States. |
| ID Code: | 8018 |
| Deposited By: | Wilkin, Phil |
| Deposited On: | 24 June 2008 |
