Abstract
The main purpose of this note is to question the relevance of trying to strengthen a fiscal framework which has been ineffective over the years; doing so, we compare the SGP with a possible alternative, a golden rule of public finance. We take the classification proposed by Kopits and Symansky (1998) as a benchmark. Our assessment shows that a golden rule would be superior to the actual EU fiscal framework. A counterfactual experiment does not contradict this outcome.JEL codes: E61, H30, H60, H70
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
