Angličtina
The Stability and Growth Pact (SGP) encompasses the legislative text and political resolutions regulating fiscal policy and public finances in EMU. It sets the rules of fiscal policy behaviour by EU and Euro area member countries, organises the multilateral fiscal monitoring, spells out the discipline requirement of the Maastricht Treaty and specifies the sanctions to be applied in case of budgetary misbehaviour. In short, the SGP, together with norms insuring ECB independence, is the main building block of EMU. The contributions in this volume analyse the institutional, legal, theoretical and empirical aspects of the SGP, examine its development and evaluate its main implications. The authors include academic economists, who provide insightful analysis, and policy makers who have contributed to the shaping of the pact and have a direct responsibility for its implementation. This book is the definitive source of reference on the SGP for academics, policy makes and economists.
