@article{RodríguezGarcía:63941,
author = "Rodríguez García, Javier and Cuenca García, Alain",
title = "{El Pacto de Estabilidad y Crecimiento de la Unión
Europea}",
year = "2017",
note = "The Stability and Growth Pact constitutes a commitment of
all the Member States of the European Union so that the
Monetary and Economic Union operates properly. With this
Pact, these countries comply with a series of indications
or observations of fiscal policy, although unlike the
monetary policy, it is still a matter of national
competence. Since the signing of the SGP in 1997, it has
undergone two very serious economic times at European
level, which have led to a series of adjustments depending
on the needs of the moment. With the great recession of
2008 it became clear that it had to be updated, despite
having been adapted previously in 2005, as this adaptation
was not enough. It received a lot of critics by some
economists. This dissertation paper will explain in detail
the whole process, from its creation in 1997 and its two
subsequent reforms to the present. Then an econometric
exercise analyzing the Spanish deficit from 1997-2016 will
be carried out.",
}