Fiscal policy in the European Union
"This book offers a comprehensive analysis of current national fiscal policies in the European Union and European Monetary Union, and provides insights into the consequences of these fiscal policies on economic activity. With contributions from a range of experts, the book focuses on the coordination problems between the single monetary policy and national fiscal policies, and the negative impact on the capacity of fiscal policy to correct short-term economic fluctuations and to accelerate economic growth in the long-term in European economies. This book is an essential read for all interested in the role of fiscal policy in the European Union."--BOOK JACKET.
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Is There Compatibility between the Stability
Stabilization Capacity and Fiscal Policy in the
of growth 19992006
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analysis Aschauer Austria automatic fiscal stabilizers automatic stabilizers Belgium budget balance budget deficit budgetary balance cent of GDP compatible competitiveness coordination discretionary Discretionary Fiscal Policy economic growth economic policy effects of fiscal EMU countries equilibrium estimated euro area Eurogroup European Central Bank European Commission European Union exchange rate Finland fiscal adjustments fiscal consolidation fiscal contractions fiscal deficits fiscal discipline fiscal federalism fiscal policy rule fiscal rules framework France GDP growth Germany Greece Growth Pact impact implementation increase inflation rate Ireland Italy Journal labour Lisbon Agenda Luxembourg macroeconomic MAFR monetary and fiscal monetary policy monetary union national fiscal policies Netherlands OECD output gap parameters percentage points period points of GDP political Portugal potential productive public capital public debt public deficits public expenditure public finances public investment public spending real interest rate reform shocks Spain specific Stability and Growth strategy Table tion unemployment variables