Martin Larch, European Commission João Nogueira Martins, European Commission
(European Economy. Economic Papers. 297. December 2007.
Brussels. Web. 230pp. Tab. Graph. Bibliogr. free.)
KC-AI-07-297-EN-N ISBN: 978-92-79-04650 ISSN: 1725-3187
Fiscal indicators are the backbone of effective fiscal policy-making, including the coordination and surveillance of budgetary policy at the EU level. The quality and success of the EU surveillance framework, in particular the timeliness and appropriateness of any policy recommendation or decision taken in the context of the Stability and Growth Pact (SGP), crucially depend on the quality of its diagnostic instruments. The right conclusions can only be drawn if the underlying analysis is comprehensive and accurate.