Creel, Jérôme; Hubert, Paul; Saraceno, Francesco - In: Journal of Economic Integration 27 (2012), pp. 537-563
the Eurozone. By means of a counterfactual, the rules based upon their macroeconomic outcomes are ranked. The new debt … rethinking their fiscal governance. This paper discusses the different reforms and subsequent fiscal rules which have emerged … since 2011. It assesses the impact of fiscal rules on the output gap and inflation rate of three representative countries of …