Year: 1999
Type: preprint
Abstract: The fiscal provisions of the Maastricht Treaty have proven to be highly controversial. Many economists have attacked the Treaty’s convergence criteria provisions which limit the size of budget deficits to 3 percent of GDP and debt-to-GDP ratios to 60 percent as being arbitrary and likely to impose substantial costs in terms of unemployment and lost economic output due to forced
Author: Thomas D. Willett
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1553432092