The Stability and Growth Pact: The Architecture of Fiscal Policy in EMU

The Stability and Growth Pact (SGP) encompasses the legislative text and political resolutions regulating fiscal policy and public finances in EMU. The contributions in this volume analyze the institutional, legal, theoretical and empirical aspects of the SGP, examine its development and evaluate its main implications. The authors include academic economists, who provide insightful analysis, and policy makers who have contributed to the shaping of the pact and have a direct responsibility for its implementation. This book is the definitive source of reference on the SGP for academics, policy makes and economists.

Author Biography: Anne Brunila is Economic Advisor at the Directorate-General for Economic and Financial Affairs, the European Commission.

Marco Buti is Head of Unit, Directorate General for Economic and Financial Affairs, European Commission.

Daniele Franco is Director of the Public Finance Division in the research department at the Bank of Italy.