| Author (Corporate) | European Commission: DG Economic and Financial Affairs |
|---|---|
| Series Title | European Economy: Economic Papers |
| Series Details | No.248, May 2006 |
| Publication Date | May 2006 |
| ISBN | 92-79-01189-8 |
| ISSN | 1725-3187 |
| EC | KC-AI-06-248-EN-C |
| Content Type | Journal | Series | Blog, Report |
|
Most of the reforms discussed within the framework of the Lisbon strategy will benefit public finances in the long term. However, in the short-term, there could a trade-off between some structural reforms and budgetary discipline. This possible tension between reforms and fiscal discipline was identified by academic economists as a possible drawback of the Stability and Growth Pact since its inception. |
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| Source Link | http://ec.europa.eu/economy_finance/publications/publication_summary744_en.htm |
| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
