Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/106972
Authors: 
Aldasoro, Iñaki
Faia, Ester
Year of Publication: 
2014
Series/Report no.: 
SAFE Policy Letter 22
Abstract: 
In many cases, the dire situation of public finances calls into question the very soundness of sovereigns and prompts corrective actions with far-reaching consequences. In this context, European authorities responded with several measures on different fronts, for instance by passing the "Fiscal Compact", which entered into force on January 1, 2013. Of critical importance in this framework is the assessment of a country's situation by way of statistical measures, in order to take corrective actions when called for according to the letter of the law. If these statistics are not correct, there is a risk of imposing draconian measures on countries that do not really need it.
Subjects: 
government debt
statistics
Fiscal Compact
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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