Monetary and Fiscal Policies in Emu: Interactions and Coordination

ISBN-13: 9780521832151 / Angielski / Twarda / 2003 / 356 str.

Marco Buti

Opis

This book is highly relevant to the policy agendas of all industrialized countries considering the current climate of low inflation and low growth. It is comprised of the contributions of leading macroeconomists who analyze the interactions between fiscal and monetary policies within the European Union. A final chapter examines the interactions between the U.S. and European economies and the problems associated with international policy coordination.

Spis treści

1. Interactions and coordination between monetary and fiscal policies in EMU: what are the issues? Marco Buti; Part I. EMU's Fiscal and Monetary Rules: An Appraisal: 2. One money, but many fiscal policies in Europe: what are the consequences? Harald Uhlig; 3. The compatibility between monetary and fiscal policies in EMU Simon Wren-Lewis; 4. Reforming EMU's fiscal policy rules Willem H. Buiter and Clemens Grafe; Part II. Policy Making in EMU: 5. Monetary-fiscal interactions in an uncertain world: lessons for European policymakers Philip R. Lane; 6. Macroeconomic policy and structural reform: a conflict between stabilisation and flexibility? Marco Buti, Carlos Martinez-Mongay, Khalid Sekkat and Paul van den Noord; Part III. Monetary and Fiscal Policy Behaviour: 7. How do European monetary and fiscal authorities behave? Carlo A. Favero; 8. Has EMU shifted monetary and fiscal policies? Fernando Ballabriga and Carlos Martinez-Mongay; Part IV. International Policy Spillovers: 9. New views on the transatlantic transmission of fiscal policy and macroeconomic policy coordination Matthew B. Canzoneri, Robert E. Cumby and Behzad Diba.