Ioannou, Demosthenes; Stracca, Livio - European Central Bank - 2011
We test whether two key elements of the EU and euro area economic governance framework, the Stability and Growth Pact …-in-difference approach on a panel of over 30 countries, some of which are non-EU (control group). Hence, the impact of the EU economic … governance pillars is evaluated based on both the performance before and after their application as well as against the control …