Fiscal rules

Publication date: 1 Feb 2017 | Publication type: National Institute Economic Review | External authors: Begg, I | JEL classification: F42, H11, H61, H77, H81 | Journal: National Institute Economic Review Issue 239 | Publisher: Sage Publications, London
EU Member States, particularly in the Euro Area, have been pushed to adopt more extensive and intrusive fiscal rules, but what is the evidence that the rules are succeeding? The EU level Stability and Growth Pact (SGP) has been – and remains – the most visible rule-book, but it has been...