The stability and growth pact sgp encompasses the legislative text and political resolutions regulating fiscal policy and public finances in emu the contributions in this volume analyse the institutional legal theoretical and empirical aspects of the sgp examine its development and evaluate its main implications the authors include academic economists who provide insightful analysis and policy makers who have contributed to the shaping of the pact and have a direct responsibility . The stability and growth pact sgp encompasses the legislative text and political resolutions regulating fiscal policy and public finances in emu the contributions in this volume analyse the institutional legal theoretical and empirical aspects of the sgp examine its development and evaluate its main implications the authors include academic economists who provide insightful analysis and policy makers who have contributed to the shaping of the pact and have a direct responsibility . Citation titlethe stability and growth pact the architecture of fiscal policy in emu edited by anne brunila marco buti and daniele franco author1franco daniele 1953 author2brunila anne author3buti marco year2001 publisherpalgrave languageenglish . The stability and growth pact sgp is a set of rules designed to ensure that countries in the european union pursue sound public finances and coordinate their fiscal policies applying the rules of the stability and growth pact how and why the stability and growth pact is applied. 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