@techreport{Lehment2002European,
abstract = {EU Member countries have shown different degrees of ambition to reach a budget position of ?close to balance or in surplus?. Differences in ambition can only partly be explained by the relative size of cyclical safety mar\-gins or differences in the number of votes in the ECOFIN Council. It is also shown that in the medium run there is no evidence for a trade-off between budget consolidation and growth. Of the eight countries with the strongest reduction of structural budget deficits in the period 1992-2001, only one showed growth rates below the EU average. The other seven countries even managed to achieve higher growth rates than in the period 1974-91 during which structural deficits had increased.},
address = {Kiel},
author = {Harmen Lehment},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E65; E61; 330; fiscal policy; budget deficits; European Union; Finanzpolitik; Haushaltsdefizit; Konvergenzkriterien; Haushaltskonsolidierung; Wirtschaftswachstum; EU-Staaten},
language = {eng},
number = {1098},
publisher = {Kiel Institute for the World Economy (IfW)},
title = {European fiscal policies under the stability pact - some first insights},
type = {Kieler Arbeitspapiere},
url = {http://hdl.handle.net/10419/2729},
year = {2002}
}
