TY - BOOK ID - 11266509 TI - Enforcement and the Stability and Growth Pact : How Fiscal Policy Did and Did Not Change Under Europe’s Fiscal Framework AU - Annett, Anthony. AU - International Monetary Fund. PY - 2006 SN - 1451863764 1462334679 1451909101 9786613823861 1452781427 128351141X PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Electronic books. -- local. KW - Fiscal policy -- European Union countries -- Econometric models. KW - Monetary unions -- European Union countries -- Econometric models. KW - Political Science KW - Law, Politics & Government KW - Public Finance KW - Fiscal policy KW - Monetary unions KW - Econometric models. KW - Tax policy KW - Taxation KW - Common currencies KW - Currency areas KW - Currency unions KW - Optimum currency areas KW - Government policy KW - Economic policy KW - Finance, Public KW - Currency question KW - Money KW - Macroeconomics KW - Production and Operations Management KW - Fiscal Policy KW - Macroeconomics: Production KW - Fiscal governance KW - Fiscal stance KW - Output gap KW - Fiscal rules KW - Production KW - Economic theory KW - Belgium UR - https://www.unicat.be/uniCat?func=search&query=sysid:11266509 AB - The Stability and Growth Pact has been a success in numerous EU countries, especially in guiding them toward underlying fiscal balance ahead of population aging. These countries tend to be smaller, subject to greater macroeconomic volatility, and reliant on a form of fiscal governance that emphasizes targets and contracts. Most of the new members share these characteristics. For the countries less compatible with the Pact, domestic governance reforms that increase the reputational costs for noncompliance can be useful complements to the fiscal framework. ER -