101 Proposals to reform the Stability and Growth Pact. Why so many? A Survey



Table 1: Characterising variables

Code

aim

Description

What is the main aim of the

proposal/SGP?____________

Type of
variable

nominal

Categories

Short-term
stabilisation

______________1

Short-term
budgetary
discipline

2

Long-run
sustainability

3

Optimal
policy mix

4

Growth

5

Combination of
aims

________6________

Market
solution

7

YES

NO

model

Does the proposal include a
theoretical model?

nominal

________0

1

YES

NO

empir

Does the proposal include
empirical analysis?

nominal

________0

1

No
modification

Reinter-
pretation of
the Pact

Changes in
rules and
procedures

Changes in
institutions

Changes
in rules
and
institutions

Abolish the Pact
and go for
alternatives

modif

What is the proposed degree
of modification?____________

ordinal

________0

1

2

3

4

_________5_________

nprop

How many proposals are
being put forward?

cardinal

Welfare

Political
economy

Mixture

Does the proposal follow a

welf

welfare or political
economy approach?________

nominal

________0

1

2

Distance between date of

date

publication and Nov. 2003
in months_________________

cardinal

Large

Small

Both

Do the authors originate

large

from a large or small
country?___________________

nominal

________0

1

2

YES

NO

Both

Do the authors originate

euro

from a euro or a non-euro

country?___________________

nominal

________0

1

2

YES

NO

Both

eur

Do the authors come from a
EU or a non-EU country?

nominal

________0

1

2

YES

NO

Both

acad

Are the authors academics?

nominal

________0

1

2

-36-



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