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Working Paper

Fiscal policy in EMU: towards a sustainability and growth pact

The goal of this working paper is to take stock of the discussions on the fiscal institutions of EMU, to confront the framework in place to what is known of the desirable properties of fiscal policy in a monetary union, and to discuss possible improvements.

By: Date: November 30, 2005 Topic: European Macroeconomics & Governance

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The goal of this working paper is to take stock of the discussions on the fiscal institutions of EMU, to confront the framework in place to what is known of the desirable properties of fiscal policy in a monetary union, and to discuss possible improvements.

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