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Fiscal Adjustment between Fiscal Harmonization and the Maastricht Convergence Criteria

  • Paolo Roberti
  • Mauro Visaggio
Part of the Central Issues in Contemporary Economic Theory and Policy book series (CICETP)

Abstract

At Maastricht, on February 7, 1992, the ministers of ail EC member states signed the Treaty on European Union (hereafter Treaty). The event was heralded as a great success for European diplomacy. Indeed, the Treaty seemed to satisfy most of the requests of the member states and to mark a very meaningful step along the road of European integration. After a few months however, when the clamour of officialdom had gradually quietened down and the overall vision underlying the Treaty emerged, the initial enthusiasm seemed to wane, or, as in Denmark, to vanish completely.

Keywords

Fiscal Policy Inflation Rate Convergence Criterion Taxable Base Public Debt 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© SIPI Servizio Italiano Pubblicazioni Internazionali Srl 1994

Authors and Affiliations

  • Paolo Roberti
    • 1
  • Mauro Visaggio
    • 2
  1. 1.Consiglio degli Esperti and Università «Tor Vergata»Roma
  2. 2.Università «La Sapienza»Roma

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