Cover -- TOCable of Contents -- Preface -- Part 1: Legal Aspects of the SGP. CHhe Legal Foundations of the SGP in Primary and Secondary EC Law -- Economic Problems with the SGP. CHiscal Policies in EMU at the Crossroads / Part 2 -- CHiscal Policy Coordination with independent Monetary Policies -- Is it possible?. CHe-orientation of the Stability and Growth Pact -- The Theoretical Basis of the SGP. CHn the Theoretical Underpinning of the Stability and Growth Pact / CHhe debate on the SGP. Part 3 -- CHroblems with the Pact -- Economic Aspects of the Reform of the SGP. CHill the New Stability and Growth Pact Succeed? / Part 4 -- An Economic and Political Perspective -- CHome Thoughts on the Reforming the Stability and Growth Pact -- Model Simulations of the SGP Fiscal Rule / Part 5 -- Model Simulations / CHluggish Growth and the SGP Fiscal Rule -- Some alternative simulations / CHhe SGP Fiscal Rule in the Case of Sluggish Growth -- List of Authors -- Last Page
Summary
When the Euro was introduced in the EU, the Stability and Growth Pact (SGP) was one of the cornerstones of the architecture of fiscal policy in the Economic and Monetary Union (EMU). This book talks about the legal and economic foundations of the SGP and its performance. It deals with the economic problems with the pact, and its theoretical basis
