Report

ZEI: Sustainability of Public Finances

A central tenet of the Maastricht Treaty is that a successful European Monetary Union requires sustainable public finances of its member states: yet there is no clear definition of sustainability. In this Report, the authors develop a concept of sustainability focusing on the controllability of public finances. After reviewing the theoretical and empirical arguments for a disaggregate and institutions-oriented approach to correcting non-sustainable deficits, the authors propose a practical procedure to assess the sustainability of a country's public finances.

Citation

Strauch, R, J von Hagen and R Perotti (eds) (1998), ‘ZEI: Sustainability of Public Finances‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/zei-sustainability-public-finances

Citation

Strauch, R, J von Hagen and R Perotti (1998), ‘Sustainability of public finances‘, in Strauch, R, J von Hagen and R Perotti (eds), ZEI: Sustainability of Public Finances, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/zei-sustainability-public-finances

Citation

Strauch, R, J von Hagen and R Perotti (1998), ‘Controllability and fiscal consolidation: evidence‘, in Strauch, R, J von Hagen and R Perotti (eds), ZEI: Sustainability of Public Finances, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/zei-sustainability-public-finances

Citation

Strauch, R, J von Hagen and R Perotti (1998), ‘Case studies‘, in Strauch, R, J von Hagen and R Perotti (eds), ZEI: Sustainability of Public Finances, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/zei-sustainability-public-finances

Citation

Strauch, R, J von Hagen and R Perotti (1998), ‘Budgeting institutions and sustainability‘, in Strauch, R, J von Hagen and R Perotti (eds), ZEI: Sustainability of Public Finances, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/zei-sustainability-public-finances

Citation

Strauch, R, J von Hagen and R Perotti (1998), ‘Assessing sustainability: a practical proposal‘, in Strauch, R, J von Hagen and R Perotti (eds), ZEI: Sustainability of Public Finances, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/zei-sustainability-public-finances

Citation

Strauch, R, J von Hagen and R Perotti (1998), ‘Conclusions: Sustainability of Public Finances‘, in Strauch, R, J von Hagen and R Perotti (eds), ZEI: Sustainability of Public Finances, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/zei-sustainability-public-finances