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dc.contributor.authorLindbeck, Assaren_US
dc.contributor.authorNiepelt, Dirken_US
dc.date.accessioned2009-01-28T15:52:38Z-
dc.date.available2009-01-28T15:52:38Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/18753-
dc.description.abstractWe analyze motivations for, and possible alternatives to, the Stability and Growth Pact (SGP). With regard to the former, we identify domestic policy failures and various cross-country spillover effects; with regard to the latter, we contrast an ?economic-theory" perspective on optimal corrective measures with the ?legalistic" perspective adopted in the SGP. We discuss the advantages of replacing the Pact's rigid rules backed by fines with corrective taxes (as far as spillover effects are concerned) and procedural rules and limited delegation of fiscal powers (as far as domestic policy failures are concerned). This would not only enhance the efficiency of the Pact, but also render it easier to enforce.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1389en_US
dc.subject.jelE63en_US
dc.subject.jelH60en_US
dc.subject.jelF42en_US
dc.subject.jelF33en_US
dc.subject.ddc330en_US
dc.subject.keywordStability and Growth Pacten_US
dc.subject.keywordspillover effectsen_US
dc.subject.keywordpolicy failuresen_US
dc.subject.keywordPigouvian taxesen_US
dc.subject.keywordpolicy delegationen_US
dc.subject.stwEU-Stabilitätspakten_US
dc.subject.stwReformen_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwInternationale wirtschaftspolitische Koordinationen_US
dc.subject.stwSpillover-Effekten_US
dc.subject.stwInternalisierung externer Effekteen_US
dc.subject.stwTheorieen_US
dc.subject.stwEU-Staatenen_US
dc.titleImproving the SGP : taxes and delegation rather than finesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn479271615en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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