Irlenbusch, Bernd; Leopold-Wildburger, Ulrike; Schutze, Jorg - 2003
The Stability and Growth Pact (SGP) in the EU's economic and monetary union (EMU) aims to assure sound public finances in the EMU Member States by providing for sanctions against countries with excessive deficits. We experimentally examine the voting procedure of the SGP and find that the...