Bilek-Steindl, Sandra; Glocker, Christian; Kaniovski, … - In: WIFO Monatsberichte (monthly reports) 86 (2013) 9, pp. 737-751
Recent institutional changes in the European Union have strengthened the original Stability and Growth Pact by negotiating the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union ("fiscal compact"). The cyclically-adjusted budget balance is the main quantitative...