Capet, Stéphane (contributor) - 2004 - [Elektronische Ressource]
monetary and exchange rate
autonomy. As the Stability and Growth Pact de facto prevents discretionary fiscal policy … activity when shocks hit a specific economy. However, the
Stability and Growth Pact (SGP) imposes a structural budget close to … Stability and Growth Pact prevents discretionary fiscal policy, governments are left
with fiscal stabilisers to help them …