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

Table 2: 101 proposals to reform the SGP. Frequency distribution across central
characteristics

Code	Description	Type of variable				Categories
			Short-term stabilisation	Short-term budgetary discipline	Long-run sustainability	Optimal policy mix	Growth	Combination of aims	Market solution	Total
aim	What is the main aim of the	nominal		Short-term budgetary discipline
aim	proposal/SGP?_____________	nominal	_________19	11	19	13	12	__________19	8	101
			YES	NO
model	Does the proposal include a theoretical model?___________	nominal	_______27	74						101
			YES	NO
empir	Does the proposal include empirical analysis?__________	nominal	________45	56						101

modif	What is the proposed degree of modification?____________	ordinal	No modification __________5	Reinter- pretation of the Pact 4	Changes in rules and procedures 53	Changes in institutions 11	Changes in rules and institutions 11	Abolish the Pact and go for alternatives ________17______________	_________101
			1	2	3	more
nprop	How many proposal are being put forward?	cardinal	________77	15	7	2			_________101
			Welfare	Political economy	Mixture
	Does the proposal follow a
welf	welfare or political economy approach?__________________	nominal	________52	32	17				_________101
			More than 2	Less than 2,	Less than 1	After
			years	more than 1	year	After
	Distance between date of
date	publication and Nov. 2003 in months________________	cardinal	__________11	10	32	48			_________101
			Large	Small	Both
	Do the authors originate
large	from a large or a small country?	nominal	________76	20	5				_________101
			YES	NO	Both
	Do the authors originate
euro	from a euro or a non-euro	nominal
	country?___________________		________64	27	10				_________101
			YES	NO	Both
	Do the authors originate
eur	from a EU or a non-EU	nominal
	country?___________________		________83	11	7				_________101
			YES	NO	Both
acad	Are the authors academics?	nominal	_________61	27	13				_________101

-37-