IDEAS home Printed from https://ideas.repec.org/a/lus/zwipol/v55y2006i2p127-149n2.html
   My bibliography  Save this article

Institutionelle Alternativen in der Europäischen Union: Das Beispiel des Stabilitäts- und Wachstumspaktes

Author

Listed:
  • Ohr Renate

    (Universität Göttingen, Volkswirtschaftliches Seminar, Platz der Göttinger Sieben 3, 37073 Göttingen)

  • Schmidt André

    (Universität Göttingen, Volkswirtschaftliches Seminar, Platz der Göttinger Sieben 3, 37073 Göttingen)

Abstract

The Stability and Growth Pact is one of the constituent pillars of the European Monetary Union. Though, meanwhile it is obvious that it will not be able to limit fiscal deficits of the member states. For this reason in this paper Coase′s thinking in institutional alternatives is applied to find a better way to increase the incentives for more fiscal stability. We present and discuss tradable deficit permits comprising market-orientated incentives for fiscal stability. It is shown that tradable deficit permits are superior from a politico-economical view as well as with regard to allocative efficiency.

Suggested Citation

  • Ohr Renate & Schmidt André, 2006. "Institutionelle Alternativen in der Europäischen Union: Das Beispiel des Stabilitäts- und Wachstumspaktes," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 55(2), pages 127-149, August.
  • Handle: RePEc:lus:zwipol:v:55:y:2006:i:2:p:127-149:n:2
    DOI: 10.1515/zfwp-2006-0202
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/zfwp-2006-0202
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.

    File URL: https://libkey.io/10.1515/zfwp-2006-0202?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Charles B. Blankart & Erik R. Fasten & Jörn Axel Kämmerer & Hans-Bernd Schäfer & Jörg Asmussen & Christian Tietje & Michael Kühl & Renate Ohr, 2010. "Explodierende Staatsschulden, drohende Staatsbankrotte: Was kommt auf uns zu?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 63(04), pages 03-23, February.
    2. Schmidt, André, 2014. "Elemente einer Fiskalverfassung für die Eurozone," Beiträge zur Jahrestagung 2014 (Goettingen) 107394, Verein für Socialpolitik, Ausschuss für Wirtschaftssysteme und Institutionenökonomik.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lus:zwipol:v:55:y:2006:i:2:p:127-149:n:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.