Annicchiarico, Barbara (contributor); … - 2004
primary surplus budgetary rule can ensure the sustainability of pub-
lic flnances and provide automatic stabilization in a … should be lower than 60%. In addition,
the Stability and Growth Pact requires member countries to reach a close
to balance or … pension or of the tax rate as flscal policy instruments
implies difierent patterns of adjustment to the flscal targets and …