Public Debt And Fiscal Policy In Emu PDF Download
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Author | : European Commission. Directorate-General for Economic and Financial Affairs |
Publisher | : |
Total Pages | : 86 |
Release | : 2001 |
Genre | : Debts, Public |
ISBN | : |
Download Public Debt and Fiscal Policy in EMU Book in PDF, ePub and Kindle
Author | : Marco Buti |
Publisher | : Cambridge University Press |
Total Pages | : 376 |
Release | : 2003-11-13 |
Genre | : Business & Economics |
ISBN | : 9780521832151 |
Download Monetary and Fiscal Policies in EMU Book in PDF, ePub and Kindle
Leading scholars and policy makers examine the challenges that are facing economic policies in the EMU today.
Author | : Carlo Favero |
Publisher | : Centre for Economic Policy Research |
Total Pages | : 72 |
Release | : 2000 |
Genre | : Business & Economics |
ISBN | : 9781898128502 |
Download EMU and Public Debt Management Book in PDF, ePub and Kindle
Recoge: 1.Introduction - 2.Debt structures - 3.Convergence of debt structures and maturities - 4.Credit risk - 5.Government securities markets - 6.Public debt management.
Author | : Mr.Francesco P. Mongelli |
Publisher | : International Monetary Fund |
Total Pages | : 37 |
Release | : 1997-07-01 |
Genre | : Business & Economics |
ISBN | : 1451951272 |
Download Effects of the European Economic and Monetary Union (EMU) on Taxation and Interest Spending of National Governments Book in PDF, ePub and Kindle
This paper examines the interest spending and taxation channels through which EMU could affect the public finances. It provides a framework for examining different views on a further narrowing of interest rate differentials. A model of Blanchard and Fischer is amended to analyze the two channels, and empirical evidence on the tax harmonization process is presented. The paper argues that “high-debt” and “high-tax” countries pursuing prudent fiscal policies could benefit the most from EMU: if monetary and widespread fiscal discipline are jointly established, interest rates could decline rapidly, while tax harmonization is likely to be gradual.
Author | : A. Brunila |
Publisher | : Springer |
Total Pages | : 446 |
Release | : 2001-09-20 |
Genre | : Business & Economics |
ISBN | : 0230629261 |
Download The Stability and Growth Pact Book in PDF, ePub and Kindle
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 for its implementation. This book is the definitive source of reference on the SGP for academics, policy makes and economists.
Author | : Antonella Cavallo |
Publisher | : Springer |
Total Pages | : 178 |
Release | : 2017-11-15 |
Genre | : Business & Economics |
ISBN | : 3319702696 |
Download Fiscal Policies in High Debt Euro-Area Countries Book in PDF, ePub and Kindle
This book explores the role of national fiscal policies in a selected group of Euro-area countries under the European Economic and Monetary Union (EMU). In particular, the authors characterize the response of output to fiscal consolidations and expansions in the small Euro-area open economies affected by high public and private debt. It is shown that the macroeconomic outcome of fiscal shocks is strongly related to debt levels. The Euro-area countries included in the investigation are Greece, Ireland, Italy, the Netherlands, Spain, and Portugal, over the sample period 1999–2016, i.e., the EMU period. The main econometric tools used in this research are structural vector autoregressive (VAR) models, including panel VAR models. The available literature relating to the subject is also fully reviewed. A further closely investigated topic is the potential spillover effects of German fiscal policies on the selected small Euro-area economies. Moreover, in the perspective of the evolution of the Euro Area towards a full Monetary and Fiscal Union, the authors study the effects of area-wide government spending shocks on aggregate output and other macroeconomic variables during the EMU period. The closing chapter of the book considers evidence on the consequences of austerity policies for European labour markets during recent years.
Author | : Paul R. Masson |
Publisher | : |
Total Pages | : 24 |
Release | : 1996 |
Genre | : Fiscal policy |
ISBN | : |
Download Fiscal Dimensions of EMU Book in PDF, ePub and Kindle
Author | : Marco Buti |
Publisher | : Edward Elgar Publishing |
Total Pages | : 321 |
Release | : 2005-01-01 |
Genre | : Business & Economics |
ISBN | : 1845426711 |
Download Fiscal Policy in Economic and Monetary Union Book in PDF, ePub and Kindle
The book has many merits, and represents an important contribution to the controversial topic of European fiscal policy. I appreciated in particular the high quality and rigor of the analysis and the fact that the pros and cons of the contending opinions are presented in a fair way. It is a rewarding reading. EAEPE Newsletter Buti and Franco present a series of interesting analytical information which should be read by as broad an audience as possible. . . the book is a good buy. László Csaba, Acta Oeconomica This book explores the origins, rationale, problems and prospects of the European fiscal policy framework. It provides the reader with a roadmap to EMU s budgetary framework by exploring its theoretical and empirical foundations, uncovering its historical roots and emphasising its supranational nature. The authors, who have been at the forefront of the academic and policy debate on economic policy in Europe, argue that fiscal policy has always been at the core of the EMU debate. The Maastricht criteria and the Stability and Growth Pact are the most contentious building blocks of EMU s institutional architecture: they have aroused heated controversies between academics and policymakers ever since their adoption. As EMU s budgetary rules undergo their first severe shock, Europe is still searching for its fiscal soul. The book s basic premise is that one cannot fully understand EMU s fiscal framework and the recent debate on its reform without placing them in a historical and institutional perspective and abstracting from the uniqueness of EMU, where sovereign countries retain a large degree of fiscal independence, and monetary policy is entrusted to an independent central bank with the overriding mission of maintaining price stability. Analysing all aspects of EMU s fiscal rules and institutions, this book will strongly appeal to students, academics and researchers of macroeconomic policy and European integration. Policymakers and fiscal policy experts at both national and international levels will also find the book to be of great interest.
Author | : Mr.Francesco P. Mongelli |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 1996-07 |
Genre | : Business & Economics |
ISBN | : |
Download The Effects of the European Economic and Monetary Union (EMU)on National Fiscal Sustainability Book in PDF, ePub and Kindle
This paper presents a methodology to analyse some of the possible fiscal effects of the EMU. It uses a theoretical tool, the "fiscal sustainability frontiers", and a new fiscal sustainability index. The paper argues that in the EMU the fiscal autonomy will be tightened by the "endogenous fiscal discipline" stemming from the harmonization of tax systems, the loss of current and prospective money financing, and the deepening of financial market-based discipline.
Author | : J. Kaarlejärvi |
Publisher | : Springer |
Total Pages | : 294 |
Release | : 2007-10-26 |
Genre | : Political Science |
ISBN | : 0230590101 |
Download Fiscal Policy Without a State in EMU? Book in PDF, ePub and Kindle
This book examines fiscal policy coordination in EMU and the required adjustments to national fiscal policies by EMU member states. The book shows that, in the process of Europeanization, national interests have had a major impact on the formation of fiscal policy coordination.