01661cas a2200241 a 4500 AALejournalIMF004131 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863765 1018-5941 BD-DhAAL BD-DhAAL Annett, Anthony. Enforcement and the Stability and Growth Pact : How Fiscal Policy Did and Did Not Change Under Europe's Fiscal Framework / Anthony Annett. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The Stability and Growth Pact has been a success in numerous EU countries, especially in guiding them toward underlying fiscal balance ahead of population aging. These countries tend to be smaller, subject to greater macroeconomic volatility, and reliant on a form of fiscal governance that emphasizes targets and contracts. Most of the new members share these characteristics. For the countries less compatible with the Pact, domestic governance reforms that increase the reputational costs for noncompliance can be useful complements to the fiscal framework. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2006/116 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/116/001.2006.issue-116-en.xml IMF e-Library