Public Debt And Fiscal Policy In Emu
DOWNLOAD
Download Public Debt And Fiscal Policy In Emu PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Public Debt And Fiscal Policy In Emu book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Public Debt And Fiscal Policy In Emu
DOWNLOAD
Author : European Commission. Directorate-General for Economic and Financial Affairs
language : en
Publisher:
Release Date : 2001
Public Debt And Fiscal Policy In Emu written by European Commission. Directorate-General for Economic and Financial Affairs and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Debts, Public categories.
Monetary And Fiscal Policies In Emu
DOWNLOAD
Author : Marco Buti
language : en
Publisher: Cambridge University Press
Release Date : 2003-11-13
Monetary And Fiscal Policies In Emu written by Marco Buti and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-11-13 with Business & Economics categories.
Leading scholars and policy makers examine the challenges that are facing economic policies in the EMU today.
The Stability And Growth Pact
DOWNLOAD
Author : A. Brunila
language : en
Publisher: Springer
Release Date : 2001-09-20
The Stability And Growth Pact written by A. Brunila and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-09-20 with Business & Economics categories.
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.
Emu And Public Debt Management
DOWNLOAD
Author : Carlo Favero
language : en
Publisher: Centre for Economic Policy Research
Release Date : 2000
Emu And Public Debt Management written by Carlo Favero and has been published by Centre for Economic Policy Research this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
Recoge: 1.Introduction - 2.Debt structures - 3.Convergence of debt structures and maturities - 4.Credit risk - 5.Government securities markets - 6.Public debt management.
Effects Of The European Economic And Monetary Union Emu On Taxation And Interest Spending Of National Governments
DOWNLOAD
Author : Mr.Francesco P. Mongelli
language : en
Publisher: International Monetary Fund
Release Date : 1997-07-01
Effects Of The European Economic And Monetary Union Emu On Taxation And Interest Spending Of National Governments written by Mr.Francesco P. Mongelli and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-07-01 with Business & Economics categories.
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.
Fiscal Policies In High Debt Euro Area Countries
DOWNLOAD
Author : Antonella Cavallo
language : en
Publisher: Springer
Release Date : 2017-11-15
Fiscal Policies In High Debt Euro Area Countries written by Antonella Cavallo and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-15 with Business & Economics categories.
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.
Fiscal Policy In Economic And Monetary Union
DOWNLOAD
Author : Marco Buti
language : en
Publisher: Edward Elgar Publishing
Release Date : 2005-01-01
Fiscal Policy In Economic And Monetary Union written by Marco Buti and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-01 with Business & Economics categories.
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.
Stability And Growth In Europe
DOWNLOAD
Author : Antonio Fatás
language : en
Publisher: Centre for Economic Policy Research
Release Date : 2003
Stability And Growth In Europe written by Antonio Fatás and has been published by Centre for Economic Policy Research this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
The fiscal policy framework of the EMU is in a states of crisis. Since the start of EMU, fiscal conditions in some member states have slipped considerably beyond the limits set by the Maastricht Treaty and the Stability and Growth Pact. It is clear that the preventive arm of the Stability and Growth Pact has failed to preclude excessive deficits. There is no shortage of proposals to reform the current fiscal framework in this crisis situation. They range from calls for softening their implementation, and to proposals for closer coordination of national fiscal policies. None of these proposals offers a convincing solution to the problem at the heart of the current crisis: how to balance the need for effective long-run fiscal stability in EMU with the need for short-run flexibility of fiscal policy in the member states. After a detailed analysis of the virtues and defects of the current fiscal framework, this report presents a proposal for reform that addresses this issue. The authors argue that EMU should move away from rigid fiscal rules for annual deficits towards a more judgmental process of monitoring the sustainability of fiscal policies. This approach is guided by three principles: independence, transparency, and legitimacy. Together wit the ability to assess the fiscal situation and outlook of each euro-area member state, they are the keys to designing a framework that provides enough flexibility and, at the same time, can build the required credibility and political support. The authors propose the creation of a Sustainability Council for the EMU, and independent body with the sole statutory task of safeguarding the sustainability of public finances in the euro area. The Sustainability Council regularly and openly reports to the public and the European Parliament its assessment of the member states' fiscal policies, taking into account past performance, current perspectives and the future course of fiscal policies. Its mandate is the counterpart of the ECB's principal task of maintaining price stability. However, the Sustainability Council has no operative role in fiscal policy; it relies solely on the pressure of informed public opinion to discipline national governments. The use of the instruments of fiscal policy is entirely left to the national governments, and the Sustainability Council can only be conceived as a judge of national public finances.
The Effects Of The European Economic And Monetary Union Emu On National Fiscal Sustainability
DOWNLOAD
Author : Mr.Francesco P. Mongelli
language : en
Publisher: International Monetary Fund
Release Date : 1996-07
The Effects Of The European Economic And Monetary Union Emu On National Fiscal Sustainability written by Mr.Francesco P. Mongelli and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-07 with Business & Economics categories.
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.
Fiscal Dimensions Of Emu
DOWNLOAD
Author : Paul R. Masson
language : en
Publisher:
Release Date : 1996
Fiscal Dimensions Of Emu written by Paul R. Masson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Fiscal policy categories.