IESET.
Movements·maastricht_convergence_criteria_1992

Maastricht Treaty convergence criteria + monetary union preparation

DEU, FRA, ITA, ESP, NLD, BEL, IRL, PRT, GRC, FIN, AUT·1992 – 1999·EU member state intergovernmental consensus
Leaders: Helmut Kohl · François Mitterrand · Jacques Delors · Theo Waigel (German Finance)
positionsordoliberalchicago_monetarism

Doctrine — stated goals and content

Treaty on European Union (Maastricht) locked in convergence criteria for euro-area entry: debt ≤60% GDP, deficit ≤3% GDP, inflation + interest- rate convergence, 2-year ERM membership. Member states committed to fiscal discipline + central bank independence as precondition for monetary union. Created ECB statutory independence + Stability and Growth Pact 1997. Framework codes as a pro-fiscal-discipline + pro- central-bank-independence movement — D.1.5 relevant.

Policy-content fingerprint — how the framework codes this movement on its axes

↑
central bank independence
monetary.central_bank_independence
De jure and de facto independence of the central bank from fiscal authority. Per D.1.5 scope, one of the framework's defensible monetary positions.
increased · strong
greater independence (legal, operational, personnel)
ECB independence is treaty-protected; member central banks required to achieve statutory independence.
↓
spending level
fiscal.spending_level
General government spending as share of GDP, excluding transfers already captured under fiscal.transfer_expansion to avoid double-counting.
decreased · moderate
lower spending share
SGP disciplines constrain spending.

Policies enacted

What the data says — linked outcome hypotheses

The movement's outcome claims are tied to these hypotheses. Verdicts update as models run.

not yet written
monetary_union_benefits_and_costs
not yet written
italy_euro_entry_non_reform_1999

Schools of thought aligned or opposed

aligned
ordoliberal
partial
chicago_monetarism

References