Macroeconomic Policy in the European Monetary Union: From the Old to the New Stability and Growth Pact

ISBN-13: 9781138806276 / Angielski / Miękka / 2014 / 226 str.

Francesco Farina; Roberto Tamborini

Opis

Providing readers with a multi-faceted assessment of the implementation of fiscal policies in the euro zone and their macroeconomic effects five years after the inception of the euro, this book is the first reliable reference source for discussions in this area for both academics and policy makers.

Spis treści

1. Introduction  Part 1: Macroeconomic Governance in the EMU  2. Fiscal Policy and Implementation in EMU: From Maastricht to the SGP Reform and Beyond  3. Macroeconomic Adjustment in the Euro Area: The Role of Fiscal Policy  Part 2: Empirical Analyses of National Fiscal Stances  4. Measuring and Assessing Fiscal Automatic Stabilizers  5. Getting Measures of Fiscal Stance Right for the New SGP  6. Testing the Fiscal Theory of the Price Level for European Countries: A Cointegrated VAR Approach  Part 3: Fiscal Policy and the EMU Countries - Heterogeneity, Interdependence and Divergence  7. Fiscal Stabilization and the SGP Constraints: Why Size Matters  8. Assessing Financial Spillovers of National Fiscal Policies  9. Inflation Divergence and Public Deficits in a Monetary Union  

O autorze

Francesco Farina, Roberto Tamborini