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The Dog That Would Never Bite? What We Can Learn From the Origins of the Stability and Growth Pact

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Heipertz,  Martin Karl Georg
Institutioneller Wandel im gegenwärtigen Kapitalismus, MPI for the Study of Societies, Max Planck Society;

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Verdun,  Amy
Projekte von Gastwissenschaftlern und Postdoc-Stipendiaten, MPI for the Study of Societies, Max Planck Society;
University of Victoria, in Victoria BC, Canada;

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引用

Heipertz, M. K. G., & Verdun, A. (2004). The Dog That Would Never Bite? What We Can Learn From the Origins of the Stability and Growth Pact. Journal of European Public Policy, 11(5), 765-780. doi:10.1080/1350176042000273522.


引用: https://hdl.handle.net/11858/00-001M-0000-0012-4FB9-4
要旨
This article analyses the creation of the Stability and Growth Pact. It examines the economic and political factors behind it, including the role of economic ideas, experts, politicians, institutional arrangements in the Maastricht Treaty, domestic politics, and the exceptional position of Germany in the realm of monetary integration. It concludes that a set of commonly held beliefs together
with a corresponding power-political constellation explain the creation of the SGP. As these parameters change, they inform our understanding of the current crisis.