Budgetary Rules and Procedures in EMU

Gaspar, Vítor

http://hdl.handle.net/10362/85870

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Autores

Gaspar, Vítor

Resumo(s)

There is a voluminous economic literature concerning budget deficits and their alleged effects on inflation, the current account balance and macroeconomic stability. The interest on budgetary rules was fostered since the Delors Report and the Intergovernmental Conference on Economic and Monetary Union. The European Union Treaty includes a procedure to avoid the occurrence of excessive budget deficits. The procedure will be initiated automatically by the violation of certain criteria ("triggers'). The purpose of this paper is to discuss the analytic foundations of the criteria mentioned in the European Union Treaty.

URI

http://hdl.handle.net/10362/85870

Citação

Gaspar, Vitor, Budgetary Rules and Procedures in EMU (December, 1992). FEUNL Working Paper Series No. 193

Coleções

NSBE - Working Paper Series

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