Trends and Asymmetries in European Budget Policy Rules and the Implementation of the Stability Pact (notice n° 698567)
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| fixed length control field | 01420cam a2200193 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121212624.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Pommier, Sébastien |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Trends and Asymmetries in European Budget Policy Rules and the Implementation of the Stability Pact |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2004.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 25 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The stability pact is a rule of budget discipline which recommends relinquishing contra-cyclical activism in favour of automatic stabilisers in order to regulate the economic cycle. This article seeks to describe the budget rules followed by European governments since 1970 in order to test the reliability of the stability pact approach. The results show that the primary balance becomes more inert and has a greater corrective effect on debt trends from 1992. Debt correction seems to be attributable to discretionary policies. Disciplined budget rules nevertheless display a certain cyclical assymmetry: discretionary policy seems to be pro-cyclical during slowdowns and acyclical during recoveries. Automatic stabilisers are also less extensive during economic downturns. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | budget rules |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | stability and growth pact |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | EMU |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Economie & prévision | o 162 | 1 | 2004-03-01 | p. 95-109 | 0249-4744 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-economie-et-prevision-1-2004-1-page-95?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-economie-et-prevision-1-2004-1-page-95?lang=en&redirect-ssocas=7080</a> |
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