Strawczynski, Michel; Zeira, Joseph - 2007
Maastricht Treaty and the Stability and
Growth pact. While the general feeling was that these pacts constrained the ability of … stabilization policy. But even if the government adheres to a much more
conservative policy, following Barro (1979), of keeping … 2005
DEFI_Y IN_Y G_Y
precent
Figure 2: Public Expenditures, Income and Deficit in 1960-2005.
The stabilization program …