Andersson, Fredrik N. G.; Jonung, Lars - 2022
-run relief to highly indebted EU member states, it implies high long-run risks to fiscal sustainability should bond yields rise …The EU's fiscal rules, set out in the Maastricht Treaty of 1993 and the Stability and Growth Pact of 1997, are anchored … extension, this argument suggests a shift from GDP anchoring to bond yield anchoring of the EU fiscal framework. We discuss the …