Fitoussi, Jean-Paul; Laurent, Eloi - 2009
policy and public finance have been
constrained by Maastricht criteria and then by the Stability and growth Pact, public … automatic stabilizers have
been weakened: “On the one hand [the Stability and growth Pact] is designed with the
objective to … contradiction between the European Union fiscal rules that
are aimed at preventing discretionary fiscal policy and the fact that …