The fiscal compact and government debt: one law, multiple statistics

  • In many cases, the dire situation of public finances calls into question the very soundness of sovereigns and prompts corrective actions with far-reaching consequences. In this context, European authorities responded with several measures on different fronts, for instance by passing the "Fiscal Compact", which entered into force on January 1, 2013. Of critical importance in this framework is the assessment of a country’s situation by way of statistical measures, in order to take corrective actions when called for according to the letter of the law. If these statistics are not correct, there is a risk of imposing draconian measures on countries that do not really need it.

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Metadaten
Author:Iñaki Aldasoro, Ester FaiaGND
URN:urn:nbn:de:hebis:30:3-336398
Parent Title (German):SAFE policy letter series ; 22
Series (Serial Number):SAFE policy letter (22)
Publisher:SAFE
Place of publication:Frankfurt am Main
Document Type:Working Paper
Language:English
Date of Publication (online):2014/03/21
Date of first Publication:2014/03/21
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Release Date:2014/06/03
Tag:Fiscal Compact; government debt; statistics
Page Number:5
Last Page:3
HeBIS-PPN:352816376
Institutes:Wirtschaftswissenschaften / Wirtschaftswissenschaften
Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF)
Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS)
Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE)
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Sammlungen:Universitätspublikationen
Licence (German):License LogoDeutsches Urheberrecht