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9780230203990

Fiscal Policy in the European Union

by ; ; ;
  • ISBN13:

    9780230203990

  • ISBN10:

    023020399X

  • Format: Hardcover
  • Copyright: 2009-01-15
  • Publisher: Palgrave Macmillan

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Summary

"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.

Author Biography

JESUS FERREIRO is Associate Professor in Economics at the University of the Basque Country, in Bilbao, Spain.

GIUSEPPE FONTANA is Professor of Monetary Economics at the University of Leeds, UK, and Associate Professor at the Universit del Sannio, Italy.

FELIPE SERRANO is Professor in Economics at the University of the Basque Country, in Bilbao, Spain.

Table of Contents

List of Figuresp. vii
List of Tablesp. ix
Notes on the Contributorsp. xi
Introductionp. 1
Fiscal Federalism in the European Union: How Far Are We?p. 6
Is There Compatibility between the Stability and Growth Pact and Automatic Fiscal Stabilizers?p. 25
Stabilization Capacity and Fiscal Policy in the EMUp. 53
Fiscal Adjustment and Composition of Public Expenditures in the EMUp. 84
Public Capital and Economic Growth: a Spurious Empirical Link?p. 109
Has France Become a Deficit Running Country?p. 129
How to Deal with Economic Divergences in the EMU?p. 157
A Scheme to Coordinate Monetary and Fiscal Policies in the Euro Areap. 184
Indexp. 209
Table of Contents provided by Ingram. All Rights Reserved.

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