Reform of the Stability and Growth Pact
In conditions of the single monetary policy and the decentralised fiscal policy in the European Monetary Union (EMU) it is necessary for the coordination of macroeconomic policy to be strengthened. The Treaty on European Union imposes conditions that relate to the size of the budgetary deficit and t...
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| Format: | Article |
| Language: | English |
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Institute of Public Finance
2006-09-01
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| Series: | Financial Theory and Practice |
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| Online Access: | http://www.ijf.hr/eng/FTP/2006/3/sabic.pdf |