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dc.contributor.authorLindbeck, Assaren
dc.contributor.authorNiepelt, Dirken
dc.date.accessioned2009-01-28T15:52:38Z-
dc.date.available2009-01-28T15:52:38Z-
dc.date.issued2005-
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 discussthe 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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1389en
dc.subject.jelE63en
dc.subject.jelH60en
dc.subject.jelF42en
dc.subject.jelF33en
dc.subject.ddc330en
dc.subject.keywordStability and Growth Pacten
dc.subject.keywordspillover effectsen
dc.subject.keywordpolicy failuresen
dc.subject.keywordPigouvian taxesen
dc.subject.keywordpolicy delegationen
dc.subject.stwEU-Stabilitätspakten
dc.subject.stwReformen
dc.subject.stwFinanzpolitiken
dc.subject.stwInternationale wirtschaftspolitische Koordinationen
dc.subject.stwSpillover-Effekten
dc.subject.stwInternalisierung externer Effekteen
dc.subject.stwTheorieen
dc.subject.stwEU-Staatenen
dc.titleImproving the SGP : taxes and delegation rather than fines-
dc.typeWorking Paperen
dc.identifier.ppn479271615en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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