Subject: All you ever wanted to know about the Stability and Growth Pact but were too bored to ask.
Colleagues,
Jointly with Clemens Grafe, I have recently completed a paper titled: "Patching up the Pact; Some Suggestions for Enhancing Fiscal Sustainability and Macroeconomic Stability in an Enlarged Economic Union". The title is a fair summary. For an abstract of the paper, click http://www.nber.org/~wbuiter/pactab.pdf. For the whole enchilada, click http://www.nber.org/~wbuiter/pact.pdf.
Willem Buiter
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