2011 | OriginalPaper | Chapter
Fiscal Rules in the EU: Time to Rethink and Start from the Basics
Author : Pyrros Papadimitriou
Published in: The Konstantinos Karamanlis Institute for Democracy Yearbook 2011
Publisher: Springer Berlin Heidelberg
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The economic literature provides a wide range of analysis on how fiscal aggregates in general and efficiency in the public sector in particular affect the economy. However, economic history has shown that fiscal and public policies often depart from what could be considered optimal.